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to
buy a different name but the seller backed out before that
deal was closed so he decided to go after the category
killing name that Gabriel held. Gabriel
has been running his own ecommerce software on the domain in
recent years. He said Hashem bought the name only but
Gabriel also gave Hashem the software because Gabriel will
have no use for it after signing a 10-year
non-compete agreement as part of the deal. (Update
Sept. 2, 2009) - For those wondering why this
sale does not appear on our 2009 Year-To-Date
Top 100 Sales Chart, the inclusion of a
software platform in this transaction made it more than a domain
only sale (a requirement to be charted). Also,
$500,000 of the $1.5 million purchase price was financed
and will be paid off over 10 years. Until the full amount
has been received it can't be ranked on a chart as a
completed sale at $1.5 million (according to the sales
contract, $1 million was paid upfront). More details on
this transaction are in the weekly sales report we
published Sept.
2, 2009.
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