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Welcome to the The
Lowdown from
DN Journal - your source for notable news
and information from all corners of the global domain name
industry!
The Lowdown
is compiled by DN Journal
Editor & Publisher Ron Jackson. |
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Larry
Fischer Logs His 2nd 7-Figure Sale
THIS WEEK and Morgan Linton
Brokers a $542,500 Deal
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Less
than 24 hours
after I published our latest
bi-weekly domain
sales report, Larry
Fischer (GetYourDomain.com),
who led this week's chart after
brokering a $2,500,000 sale
of Marketing.com, announced
another 7-figure sale! As Elliot
Silver detailed at
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DomainInvesting,com
today, Larry's second blockbuster
sale of the week was Near.com
at $1,150,000 in a sale
made to a Singapore-based company
that has raised $134 million in
funding through its Series D
funding rounds. Ari Goldberger
and Jason Schaeffer at ESQwire.com
handled escrow duties on the deal.
The
main theme of this week's sales
report was the remarkable
frequency of seven-figure sales
we've seen this summer (our latest
report was the sixth
consecutive edition, covering
12 weeks, that has a seven-figure
sale at the top of the chart).
With the Near.com sale, that
streak will become 7 straight when
our next edition comes out
September 1. It is
especially impressive when you
consider that these publicly
reported sales are just the tip of
a much bigger iceberg.
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Image
from Bigstock
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In yet another impressive sale, Morgan
Linton let me know today that he had just finished brokering a $542,500
sale of Able.com. In that transaction, Morgan represented the buyer,
whom one of Morgan's friends had introduced him to. Morgan said completing
the mission - getting the owner to sell - ended up being a complex process but
he got the job done. As those of you who know Morgan are aware, he is such
a nice guy it is hard for anyone to say no to him (a great quality for a
broker to have)!
We will be
updating our YTD Top 100
Sales Charts when our next bi-weekly report is released. As of
today, Larry's sale of Near.com is the 8th biggest sale reported so far in
2021 (his Marketing.com sale is #2). Morgan's sale gives him a
spot among the high fliers in the top 20. It has been great seeing the sales
boom this year. The only downside is I am getting calluses on my finger
tips from constantly pounding the calculator keys - and the year is still
young!
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(Posted
August 19, 2021)
*****
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