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The
Lowdown
Welcome to
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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Domain
Sales Remain Hot With Public Company Closing $1.6
Million Acquisition of Chill.com
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Chill
Brands Group PLC
has made the $800,000 final payment due
to complete a $1,600.000 acquisition
of the Chill.com domain name. The
company, that trades on the London Stock Exchange
(CHLL), is a developer, producer and international
distributor of cannabidiol (CBD) products. They
zeroed on Chill.com as the key component for
executing a
refresh of the Chill brand that they believe
will improve consumer targeting and ensure that
marketing of the brand is consistent across all
regions.
Chill
Brands CEO Callum Sommerton said, "We
are the proud owners of a highly brandable, premium
domain asset reflective of a word that is
pervasive in the everyday lives of consumers and
is easy to
say, spell, and remember. In an increasingly complex
world, people |
Image
from Bigstock
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everywhere are
looking for ways to
chill. Those qualities are gold dust for
marketers, and we intend to maximize the
potential of the Chill.com domain by expanding and
improving our brand which, in common with our
consumers, should be bright, energetic and youthful."
We
will be officially charting this sale when our next
bi-weekly domain
sales report comes out Wednesday
evening, July 6. Unless a bigger seven-figure sale
comes to light before then, Chill.com will move into
#3 spot on our Year-to-Date
Top 100 Sales Chart that tracks publicly
reported domain sales. As of now, only IT.com at
$3.8 million (also completed with a final
payment this month) and Galaxy.com at $1.8
million have been bigger. This is the sixth sale
of more than $1 million reported so far in
2022.
A
special thank you to George
Kirikos who was the first to sound
the alert on this deal being finalized. If you
aren't already following George on Twitter,
you should be!
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(Posted
June 27, 2022)
*****
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