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01|13|2015 08:21 pm EDT

Live Results : NamesCon 2015 Right of the Dot Auction

by Adam Strong in Categories: Domain Auction

DNN will be live blogging from NamesCon in Las Vegas. We do not guarantee the accuracy of these results.

Check here for results as we update them live from the show.  Bidding is also available on SnapNames.com and names unsold will be in a silent auction there until February 6th, 2015.

In a charity auction before the domain auction, a signed guitar from the Las Vegas rock band Otherwise (represented by Ryan Patrick) was auctioned for $1,000 for the Waterschool.

Sales total approximately $1,000,000 USD.

LOT #DomainReserve RangeStatusPrice
10Dates.vegas$201 Ð $500SOLD$650
20AthleticClubs.nycNo ReserveSOLD$300
30PrivateCarService.nycNo ReserveSOLD$275
40BitCoin(s).globalNo ReserveSOLD$900
50Adaptable.comNo ReserveSOLD$4,500
60PokerRoom.vegasNo ReserveSOLD$1,500
70Pot.cards$201 Ð $500SOLD$600
80Miami.ink$1,001 Ð $2,500SOLD$1,600
90Kqt.comNo ReserveSOLD$11,000
100CarAuctions.com$50,001 Ð $100,000SOLD$90,000
110Vegas.wiki$1,001 Ð $2,500SOLD$1,500
120Fans.club$1,001 Ð $2,500SOLD$1,300
130Hgu.comNo ReserveSOLD$17,000
140Cm.net$10,001 Ð $25,000SOLD$17,000
150SexEducation.comNo ReserveSOLD$23,000
160Planners.com$50,001 Ð $100,000pass
170MarijuanaCard.nycNo ReserveSOLD$700
180Paperback.comNo ReserveSOLD$12,000
190MileHigh.club$5,001 Ð $10,000pass
200NewAge.com$10,001 Ð $25,000SOLD$22,000
210Tik.com$25,001 Ð $50,000SOLD$33,500
220Chess.club$10,001 Ð $25,000pass
230GolfCourses.vegasNo ReserveSOLD$1000
240877.com$250,001 Ð $500,000pass
250XXX.websiteNo ReserveSOLD$1,000
260TattooParlor.com$10,001 Ð $25,000pass
270MarijuanaCards.nycNo ReserveSOLD$600
280FantasyFootball.xyz$1,001 - $2,500pass
290Mimes.comNo ReserveSOLD$2,200
300Casino.wiki$1,001 - $2,500SOLD$1,600
310Pathologist.comNo ReserveSOLD$18,000
320Ship.global and Send.globalNo ReserveSOLD$2,500
330Auction.website$5,001 - $10,000pass
340Investment.com$1MM - $5MMpass
360NoseJobs.com$25,001 Ð $50,000pass
370Food.wiki$1,001 Ð $2,500SOLD$3,100
380Homecare.com/.net$250,001 Ð $500,000SOLD before the live auction$350,000
390ShowTicket.vegas$201 Ð $500SOLD$600
400Apartment(s).global$10,001 Ð $25,000pass
410VirginiaRealEstate.com$25,001 Ð $50,000pass
420Bin.netNo ReserveSOLD$2,000
430Wine.club$100,001 Ð $250,000SOLD$140,000
440Blackjack.global$5,001 Ð $10,000pass
450Susan.com$25,001 Ð $50,000SOLD$34,000
460Jobs.website$50,001 Ð $100,000pass
470CigarBars.nycNo ReserveSOLD$400
480Red.ink$1,001 Ð $2,500SOLD$1,400
490Photographers.com$250,001 Ð $500,000pass
500Irish.bar$5,001 Ð $10,000pass
510Hollywood.pressNo ReserveSOLD$2,500
530MedicalMarijuanaCard.vegasNo ReserveSOLD$500
540Land.com$1MM Ð $5MMpass
560MedicalMarijuanaCards.vegasNo ReserveSOLD$300
570MortgageModification.com$10,001 Ð $25,000pass
580Auctions.com$1MM Ð $5MMpass
585DanceStudios.nycNo ReserveSOLD$500
590Weed.club$5,001 Ð $10,000SOLD$15,000
600ShowDogs.com$2,501 Ð $5,000SOLD$4,500
610487.com$250,001 Ð $500,000pass
620Agree.com$50,001 Ð $100,000pass
630Stock(s).global$10,001 Ð $25,000pass
640Glee.club$2,501 Ð $5,000pass
650Rates.vegas$201 Ð $500SOLD$400
660Tamales.com$10,001 Ð $25,000pass
670Vp.net$10,001 Ð $25,000SOLD$14,500
680SeniorCitizens.com$50,001 Ð $100,000pass
690Stroke.com$100,001 Ð $250,000pass
700NailTrimmer.com$501-$1000SOLD$1,000
710StructuredSettlement.com$250,001 Ð $500,000pass
720PictureMessaging.comNo ReserveSOLD$1,000
730Gamble.wiki$1,001 Ð $2,500SOLD$1,200
740GolfLessons.com$50,001 Ð $100,000pass
750Fight.club$10,001 Ð $25,000SOLD$13,500
760Celebrity.wiki$1,001 Ð $2,500SOLD$1,800
770BailBond.vegas$201 Ð $500SOLD$900
780Forums.xyzNo ReserveSOLD$600
790Shuttles.vegas$201 Ð $500SOLD$500
800Zoning.com$50,001 Ð $100,000pass
810Moisturizers.com$25,001 Ð $50,000pass
820Rookie.com$250,001 Ð $500,000pass
830Currency.global$5,001 Ð $10,000pass
840Airfares.nycNo ReserveSOLD$600
850Dj.asiaNo ReserveSOLD$1,100
860Printers.xyzNo ReserveSOLD$300
870380.com$250,001 Ð $500,000pass
880Geeks.xyzNo ReserveSOLD$600
890Advertising.club$25,001 Ð $50,000pass
900Madrid.xyzNo ReserveSOLD$250
910DispensaryCards.nycNo ReserveSOLD$300
9201111.asiaNo ReserveSOLD$3,000
930Tofu.com$50,001 Ð $100,000pass
940Bet.global and Betting.globalNo ReserveSOLD$600
950Vil.com$25,001 Ð $50,000SOLD$33,000
960Student.xyzNo ReserveSOLD$1,000
965InsuranceRates.net$5,001 Ð $10,000pass
970MensJeans.com$50,001 Ð $100,000pass
980Street.com$500,001 Ð $750,000pass
990Birthday.club$5,001 Ð $10,000SOLD$5,000
1000DrunkDriving.nycNo ReserveSOLD$1,100
1010Ty.asiaNo ReserveSOLD$1,500
1020TropicalProperty.comNo ReserveSOLD$1,100
1040BikeRentals.com$25,001 Ð $50,000?$22,000
1050News.global$50,001 Ð $100,000pass
1060RealEstate.wiki$1,001 Ð $2,500SOLD$3,000
1070Tf.net$10,001 Ð $25,000SOLD$11,500
1080MovieCinema.comNo ReserveSOLD$2,600
1090Wholesale.ink$1,001 Ð $2,500SOLD$1,400
1100Marijuana.la$2,501 Ð $5,000SOLD$6,000
1110Tp.net$10,001 Ð $25,000SOLD$11,500
1120Advertising.global$10,001 Ð $25,000pass
1130Coupon.website and Coupons.website$50,001 Ð $100,000pass
1140VapingSystems.comNo ReserveSOLD$500
1150Rapid.ink$1,001 Ð $2,500pass
1160AthleticClub.nycNo ReserveSOLD$600
1170Gamble.global$10,001 Ð $25,000pass
1180Shared.host$10,001 Ð $25,000pass
1190Bonus.vegasNo ReserveSOLD$400
1200Tequila.club$2,501 Ð $5,000SOLD$8,000
1210BookReviews.com$25,001 Ð $50,000pass
1220Shoppers.com$250,001 Ð $500,000pass
1230DispensaryCard.nycNo ReserveSOLD$300
1240Bet.website and Bets.website$5,001 Ð $10,000pass
1250Email.host and Mail.host$5,001 Ð $10,000SOLD$6,500
1260CrossFit.wiki$201 Ð $500SOLD$400
1265Gf.asiaNo ReserveSOLD$800
1270CannabisDelivery.nycNo ReserveSOLD$400
1280998.xyzNo ReserveSOLD$300
1290Hybrids.nycNo ReserveSOLD$300
1300Whats.nycNo ReserveSOLD$500
1310NewYork.ink$1,001 Ð $2,500SOLD$1,300
1315Wallstreet.press$2,501 Ð $5,000SOLD$2,900
1320E-Cigs.nycNo Reservepass
1330Pornos.nycNo ReserveSOLD$275
1340EPeso.com$2,501 Ð $5,000pass$2,500

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12|28|2014 02:10 pm EDT

TrafficZ Shutting down operations on Dec 31st, 2014

by Frank Michlick in Categories: PPC industry

According to an email sent out by TrafficZ, it will cease it operations after Dec 31st, 2014, which is a relatively short notice. We’ve reached out for confirmation to Thought Convergence and also asked them if there’s any other properties/divisions that are still active besides DomainTools.

As you no doubt have heard by now, we recently announced the sales of our Aftermarket domain marketplace and our Agreed online escrow platform. In parallel with those sales, we will be discontinuing the TrafficZ domain parking and monetization service as of December 31, 2014.

In order to facilitate a smooth and seamless transition for you, our valued clients, we recommend that you explore alternative monetization providers and options for your domain assets. Many of our friends in the industry provide excellent domain management and monetization solutions, so we’re confident that you’ll find a suitable partner in no time.

Regardless of what you decide, though, please make sure to update your nameservers by 12:00 AM PST on next Wednesday, December 31, 2014, after which time we will no longer be serving ads from our upstream providers.

On behalf of the entire TrafficZ team, we’d like to thank you for your loyalty and support over the years (since 2002!!). And, as always, we wish you luck and continued success in all of your future endeavors.

Cheers, and Happy Holidays,
Ammar Kubba & Kevin Vo

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12|23|2014 10:40 am EDT

Ron Jackson Finally Owns DomainNameJournal.com

by Adam Strong in Categories: Domain Auction, Domain Sales

For more than a decade, Ron Jackson has been producing his domain industry publication DNJournal.  It’s been regarded as a “go-to” industry publication for his weekly sales reports and his “cover stories”, featuring prominent industry profiles, but did you know that Ron didn’t even own DomainNameJournal.com.  OMG Ron you don’t own all variations of your domain?  How could you even conduct a successful business?!

The site has always operated under DNJournal.com name (DN being an industry acronym for Domain Name) and over the last decade I’d say Ron has done a great job of making that a name we all know and trust.  I would venture to guess most of us in the industry call it by DNJournal.  Even so, from a brand perspective it probably would be smart for Ron to pick up DomainNameJournal.com too.  Ron already owns DomainJournal.com and NameJournal.com, in case you were wondering.

A few weeks ago the domain name DomainNameJournal.com expired and more recently went to auction at NameJet, with the closing slated for December 22nd. The final sales price ended up being $250.  The winner was none other than Ron Jackson.  There were a couple of bidder IDs that showed up early :  “pheenix”, “aaaaaaaaa” and “thegeneral1979″  but there wasn’t much competition. It really feels like the name was not bid up at all . . . maybe as a courtesy to a really great guy.

Unsure about who was bidding for Ron or if he was bidding, I reached out to make sure he had his sights on this name. He replied with an interesting story about domainers and “dick moves”.

I don’t know if you know the story behind that domain. Goes all the way back to the end of 2002 when I asked people at DNForum to help me pick a name from a few options I listed. They picked DNJournal which I liked best as well, so I registered that name. Within a few days, some other forum member from Canada (forget his name – Lorenzo or something like that) registered DomainNameJournal.com and tried to sell it to me. At the time I was too stupid to consider registering other variations of the name. He has held it for 12 years and I was determined I would never let him profit from it (at least from me as I thought his initial action was a dick move). Others who inquired said he wanted $1500. I would have gone that high in this auction but would never have given it to him.”

 

What do you think?  Was it a “dick move” ?  IMHO it was.
Here’s one the older DNF threads where the former owner talks about owning this name : http://dnforum.com/threads/forgive-me.18710/#post-135923 .  Many of DNFs older threads seem to be missing.

I’m just glad to see after all these years to see Ron the new owner of DomainNameJournal.com

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12|17|2014 11:18 am EDT

ICANN systems compromised through phishing attack

by Frank Michlick in Categories: ICANN / Policy

A number of ICANN’s staff email accounts have been compromised by a phishing attack, which lead to administrative passwords to other systems being exposed as well, as Necraft reports.

The Internet Corporation for Assigned Names and Numbers (ICANN) has fallen victim to a phishing attack which resulted in the attackers gaining administrative access to some of ICANN’s systems, including its Centralized Zone Data Service (CZDS).

In an email alert sent this morning, ICANN said it believes a spear phishing attack in November resulted in several ICANN staff members’ email credentials being compromised. The stolen passwords were then used to gain unauthorised access to multiple ICANN systems, which could have resulted in other usernames and passwords being compromised.

Although CZDS passwords are stored as salted hashes, ICANN has taken the precaution of deactivating passwords and API keys used on the compromised CZDS service. ICANN implemented some security enhancements earlier this year, which it believes limited the extent of the unauthorised access, and has implemented further measures since this attack.

Here’s the email that ICANN wrote to users of is CZDS:

ACTION REQUIRED: CZDS Security Disclosure

ICANN is investigating a recent intrusion into our systems. We believe a
“spear phishing” attack was initiated in late November 2014. It involved email
messages that were crafted to appear to come from our own domain being sent to
members of our staff. The attack resulted in the compromise of the email
credentials of several ICANN staff members.

In early December 2014 we discovered that the compromised credentials were
used to access certain ICANN systems including the Centralized Zone Data
Service (CZDS). 

You are receiving this notice because the attacker obtained administrative
access to all files in the CZDS including copies of the zone files in the
system. The information you provided as a CZDS user might have been downloaded
by the attacker. This may have included your name, postal address, email
address, fax and telephone numbers, and your username and password. Although
the passwords were stored as salted cryptographic hashes, we have deactivated
your CZDS password (and API key if applicable) as a precaution. Additional
information about the attack is included in an announcement that is posted at
https://www.icann.org/news.

In order to continue using CZDS, please visit http://czds.icann.org and follow
the instructions there to request a new password. We suggest that you take
appropriate steps to protect any other online accounts for which you might
have used the same username and/or password.  

This notice was not delayed as a result of a law enforcement investigation.
Earlier this year, ICANN began a program of security enhancements in order to
strengthen information security for all ICANN systems. We believe these
enhancements helped limit the unauthorized access obtained in the attack.
Since discovering the attack, we have implemented additional security
measures.

We are providing information about this incident publicly, not just because of
our commitment to openness and transparency, but also because sharing of
cybersecurity information helps all involved to assess threats to their
systems.

If you would like further assistance or information, you may contact us by
email to customerservice@icann.org or by telephone at +1-424-277-3192 or U.S.
toll-free at +1-800-401-1703.

Thank you for your attention to this. We sincerely regret any inconvenience or
concern this incident may cause you.


ICANN Registry Services

 

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12|16|2014 05:43 pm EDT

DomainFest will be part of NamesCon 2015 in Las Vegas

by Frank Michlick in Categories: Events

NamesCon | Las Vegas January 11th-14th 2015 2014-12-16 17-56-02

A change on the Namescon Agenda lead The Domains to ask if NamesCon had bought out domainFEST – well, here’s the official press Release and reply. DomainFest becomes the first day of the conference geared towards newcomers. If you read the text on the updated DomainFest website, it appears that there’s a plan to carry the name forward and use it for “a series of international DomainFest regional events”.

DomainFest is one of the longest running events in the Domain Name industry. Its early origins in the early 2000s was a one day gathering with a mix of sharing new industry information and a social networking event. DomainFest will continue that tradition after being acquired by NamesCon.

Originally established as a casual meeting of domain investors as early as 2002, Donna Mahony generously donated the domain name to Oversee in 2006. Starting with small conferences in LA and Barcelona, Oversee grew Domainfest into a large, global conference series, attracting domainers, marketing professionals and celebrity speakers from all over the world.

“We are very proud of the industry-leading conference that we built up over the years”, said Debra Domeyer, CEO of Oversee.net.  “DomainFest is one of the longest running events in the Domain industry.  We are proud to recognize the importance of the DomainFest events to the industry and are extremely happy to be passing the DomainFest ownership into the capable hands of NamesCon.”

Richard Lau, producer of NamesCon said “We are carrying the DomainFest torch forward. NamesCon co-founder Jothan Frakes and I met at the Seattle DomainFest in March 2005. We are immensely proud to be able to announce that Sunday, Jan 11, 2015 is ‘DomainFest @NamesCon’.” Like DomainFest conferences in the past, NamesCon 2015 Las Vegas will also host a domain auction (run by Right of the Dot) and feature Keynote speakers and world-class entertainment.

DomainFest @NamesCon will start at 10am on Sunday Jan 11, 2015 and the day will be an excellent venue for newcomers and veterans alike. Jothan Frakes, who has a long history of producing domain conferences stated, “The DomainFest events had great energy and I am delighted to see that the success of NamesCon will maintain the spirit and legacy of DomainFest.”  Jothan has planned out a full agenda for the Domainfest @NamesCon day.

The Sunday Evening Networking and Entertainment event for DomainFest @NamesCon will feature Peter Pavone – the Las Vegas Best 2014 Tribute Artist of the Year.

DomainFest @NamesCon is included in your conference pass when you register for NamesCon 2015 Las Vegas.

Two great conferences, one low price.

To RSVP & Register please visit: www.DomainFest.com or www.NamesCon.com

[via Press Release]

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12|01|2014 11:21 am EDT

Europol seizes 292 domains for counterfeit goods on Cyber Monday

by Frank Michlick in Categories: Legal Issues

The European law agency Europol has seized 292 domain names in cooperation with the U.S. Immigration and Customs Enforcement (ICE) and 25 law enforcement agencies from 19 countries. The sites were allegedly used to sell counterfeit merchandise, such as sportswear, electronics, pharmaceuticals, but also movies and music.

Countries involved were: Albania, Belgium, Bulgaria, Colombia, Croatia, Denmark, France, Greece, Hungary, Iceland, Italy, Lithuania, Luxembourg, Portugal, Romania, Serbia, Spain, United Kingdom and the United States.

Law enforcement has been preparing for this since August based on information provided to them by trademark holders. The domain names seized are now in the custody of the governments involved in these operations. Visitors typing those domain names into their web browsers will find either a banner that notifies them of the seizure and educates them about the crime of wilful copyright infringement, or the visitors will not be able to access the website anymore.

Project “In Our Sites” (IOS) is a sustained law enforcement initiative that began to protect consumers by targeting the sale of counterfeit merchandise on the Internet. The 292 domain names seized under Operation IOS V brings the total number of IOS domain names seized to 1829 since the IOS project began in November 2012.

[via CIO, Europol Press Release]

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11|30|2014 05:12 pm EDT

The week in Domains (Week 49/2014)

by Frank Michlick in Categories: Weekly Highlights

“The week in domains” summarizes the domain name industry news on a weekly basis. Not enough time to check all the news on all the blogs? This is what you want to read. Updated throughout the week/days.

Domain Name Sales

gTLDs

Legal

Domain Names for Sale

Internet Governance

 

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10|14|2014 11:00 am EDT

What domains can teach about brand engagement in foreign markets

by JS Lascary in Categories: New Companies, Tools

Since the early 2000s, domain names can be registered and written in any language – for example Chinese characters are allowed in the .com namespace, 例子.com is a valid domain name. This wonderful innovation makes internet users less reliant on the English alphabet to navigate the internet – including when engaging with brands online.

As with any new technology, early adopters are often not the larger corporations but smaller ventures, one man operations and the likes. When it comes to foreign language domains incorporating brand names, this means that, unfortunately, some of them are registered to affiliate marketers and speculators unrelated to the brand owner.

From an academic perspective, this has the advantage of being a fantastic proxy to assess the viability of using brand names in different languages to engage with local audiences. The assumption here is that if a brand related domain has been registered and renewed to an affiliate marketer or any third party primarily motivated by monetization, whatever he/she is doing with the domain must be working.

The following are some of my observations on the topic :

 

A) Brand translations work.

It may not be practical for a brand manager to come up with translations of their brand in an effort to better engage with internet users. However, the translations may already be out there, used by native speakers on and off the internet. When a translation makes it to a domain registration, it’s a sign that its usage might be widespread.

PlayStation in Hebrew

PlayStation can be written in Hebrew like this : פלייסטיישן

Google data shows that the proportion of Israeli search volume for the keyword “PlayStation” to the Israeli search volume for “פלייסטיישן” is 10:3.

Surely, the domain name פלייסטיישן.com is registered, but not to Sony. It has been so since 2010 and it currently redirects to a one page Weebly website full of Adsense ads.

 

Iceberg showing the Skype brand in Russian along with some typos
Typo traffic is just the tip of the iceberg

B)Typos are a thing too.

Skype in Russian

скаип.com is a typo of скайп.com which is Russian for Skype. Despite the whois privacy, both domains seem registered to the same entity and currently redirect to an adult webcam affiliate page (NSFW). The domains were respectively registered in 2012 and 2007.

In other instances, typo domains look to mimic the visual appearance of the brand.

Viagra and Netflix

vìágrã.com

This domain resembles the viagra brand. It is registered since 2007 and currently resolves to a parked page (displaying PPC ads).

ñetflix.com

The Netflix brand name with the Spanish eñe instead of the regular “n”. This domain was registered in 2013 and currently redirects to a survey affiliate program.

The most clever cases of typo domains involve what I call “keyboard layout typos” whereby the string of characters resulting from typing an english word on a foreign language keyboad is registered as a domain name. This type of typo exists because most non english keyboard hardware come with two or more characters printed on each key, i.e. one english letter following the QWERTY layout and one character in the native language. The keyboard software is often programmed by default to allow the use of either layouts. Switching from one to another is usually a matter of one key press.

Godaddy almost in Thai

Thai keyboard layout showing a typo of the Godaddy Brand

เนกฟกกั.com.

This domain is the result of the keystroke sequence G-O-D-A-D-D-Y typed on a Thai keyboard with the Thai layout active instead of the English QWERTY layout. The domain per se means nothing in the Thai language. It currently redirects to Godaddy.com through an affiliate link.

If anything, the existence of this domain shows that there are Thai keyboard users who could make use of a proper Thai domain to access the registrar.

 

B) Brand + Keyword domains are also used

The use of foreign language domains to engage with brand customers is not limited to exact match brand names. Brand + Keyword domains are prevalent as well, especially in markets with a history of online advertising and online marketing.

Forex Sale in Japanese

ロレックス買取.net

This domain name means “Rolex Sale” or “Rolex Purchase” in Japanese. The webpage it resolves to has a prominent a8.net affiliate link below the fold.

 

In conclusion, when it comes to engaging with “foreign” audiences, using a domain name in the proper language is an avenue to consider. Affiliate marketers and speculators have been doing it for years, and it seems to be successful, at least as per their standards.

 

About the author

JS Lascary is passionate about Internationalized Domain Names. He is a member of the Quebec Bar Association and the founder of idndata.com, a brand monitoring business.

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09|02|2014 01:55 pm EDT

NameCheap for NetNeutrality: FCC, don’t flush our rights down the toilet [video]

by Frank Michlick in Categories: ICANN / Policy

NameCheap Released a video today for Net Neutrality:

 

 

Find out more here: http://netneutrality.com/

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08|15|2014 01:36 pm EDT

Sedo’s parent United Internet invests 435 million EUR in Rocket Internet

by Frank Michlick in Categories: PPC industry

Montabaur, August 15, 2014. United Internet AG (“United Internet”) is investing – via its subsidiary United Internet Ventures AG – a total of EUR 435 million for a 10.7% stake in the incubator Rocket Internet AG, Berlin (“Rocket”). The investment will cement the long term strategic relationship between United Internet and Oliver Samwer, Rocket’s Chief Executive Officer and co-founder.

United Internet’s investment consists of EUR 333 million in cash, and EUR 102 million represented by United Internet’s equity participation in the portfolio of the Global Founders Capital funds (“Global Founders Capital”).

Global Founders Capital is a portfolio of over 50 venture capital investments held jointly by United Internet and Global Founders Fund GmbH (“Global Founders Fund”, formerly European Founders Fund GmbH), the personal investment vehicle of Oliver Samwer and his brothers. The portfolio includes minority stakes in companies such as games maker Goodgame Studios; online travel sites such as Traveloka and Travelbird; online marketplaces Yemek Sepeti and DaWanda; and financial technology companies Kreditech, Borro and SocietyOne.

United Internet has been successfully investing in consumer Internet and technology businesses together with the Samwer brothers through Global Founders Capital since 2007.

United Internet’s investment will be in newly issued shares by Rocket, of the same class and bearing the same rights as shares held by current Rocket investors. Ralph Dommermuth, CEO of United Internet, will become a member of Rocket’s nine-person Supervisory Board.

Rocket Internet identifies and builds proven internet business models and transfers them to new, underserved or untapped markets where it seeks to scale them into market leading online companies. It aims to become the world’s largest Internet platform outside of China and the United States. Rocket is focused on online business models that satisfy basic consumer needs across three sectors: e-Commerce, marketplaces and financial technology.

Rocket started in 2007 and now has more than 20,000 employees across its network of companies, which operate in more than 100 countries on five continents. The company’s target markets are located mainly in the emerging markets of Latin America, the Middle East, Africa and Asia, as well as in Russia. These markets are generally characterized by fast-growing smartphone penetration, younger populations then developed markets, newly evolving middle classes, and limited access to physical retail infrastructure.

Following this investment, in addition to United Internet (10.7%), shares in Rocket Internet will be held by Investment AB Kinnevik (18.5%), Access Industries (8.5%), Philippine Long Distance Telephone Company (8.6%) and the Global Founders Fund (53.7%).

By contributing its shares in the investment funds to Rocket Internet, United Internet will recognize one-off, non-cash income of around EUR 70 million this year.

About United Internet

With 13.87 million fee-based customer contracts and 31.44 million ad-financed free accounts, United Internet AG is Europe’s leading internet specialist. At the heart of United Internet is a high-performance “Internet Factory” with 6,700 employees, of which around 2,000 are engaged in product management, development and data centers. In addition to the high sales strength of its established brands (1&1, GMX, WEB.DE, united-domains, Fasthosts, Arsys, InterNetX, Sedo and affilinet), United Internet stands for outstanding operational excellence with around 45 million customer accounts worldwide.

[via Press Release]

Disclaimer: DNN’s managing editor, Frank Michlick, provides consulting services through his company DomainCocoon for Sedo, which is a subsidiary of United Internet

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