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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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Z
Whiz! Z.com Sells for Nearly $6.8 Million in
Biggest Domain Sale Reported So Far This Year
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This
is how you close out the year
on a high note! With less
than six weeks left to go in 2014,
the year's biggest domain sale
and one of the five highest
cash sales reported
since we started tracking and
verifying domain sales 11 years ago
was announced today. GMO
Internet, Inc., one of
Japan’s leading Internet services
providers and operator of the
country’s largest domain
registrar, purchased Z.com
from the Nissan Corporation
for a stunning 800 million Japanese
yen, which equals $6,784,000 at
today's exchange rate.
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Nissan
had once used Z.com to promote their
popular Z series sports cars (I bought
two of them myself, a 260Z in the
70s, then a 280ZX in the 80s), but
had left the domain dormant in
recent years. In their press
release, GMO Internet
said they will use the domain to
"spearhead GMO Internet Group
global growth strategy, and securing
“Z” under the .com Top Level
Domain, provides the Group with a
powerful tool to build a strong
global brand." We
will add this sale to our Year
to Date Top 100 Sales Chart
when our next weekly
domain sales report
comes out Wednesday evening
(November 26). At that time, Z.com
will also take over the #5
position on our list
of the biggest all cash domain sales
we have reported (prior to the fall
of 2003 no one was verifying
reported domain sales and there were
many instances of claimed sales that
later proved to be bogus, so we
cannot vouch for any sales reported
prior to that time). |
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(Posted
November 21, 2014)
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