Invest in Internet Domains . Really !!!

January 17, 2007 at 5:47 am 2 comments

This time it was commanding the big bucks – a whopping $129,800 in a private sale that we carefully examined during our verification process.The seller, Sule Garba, originally brought the sale to our attention soon after it was completed in mid-December. He was willing to make details of the deal public but the buyer, who wishes to remain anonymous, wanted to delay an announcement while he pursued other related domains he had his eye on (it is our policy to honor non-disclosure requests that come from either party to a transaction). This week, the buyer (whose identity we know) agreed to release the information and the broker he was working with to acquire domains,, sent us the documentation we require before reporting a sale.

The exchange was handled by so I called the company’s president, Brandon Abbey, to verify the information I had been given was accurate and that his company had completed the transfer of both the money and the domain. Abbey had to secure permission from both the buyer and seller before he could comment on the transaction, but once he had done so, he confirmed that the money was paid and the name delivered to the new owner. 

The most amazing thing about this deal is that Garba says he registered the domain by hand in October for just over $30! The name was apparently registered during the .mobi sunrise period for trademark holders but was then released back into the general registration pool, possibly because the trademark claim was ruled to be invalid by the registry. Garba just happened to be at the right place at the right time.

As Seen On

In 2005 Local.Com sold for $700,000


Entry filed under: Internet Startup. is a brilliant idea Domain Sells for $3 Million

2 Comments Add your own

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
January 2007
« Dec   Feb »

Blog Stats

  • 164,461 hits


%d bloggers like this: