02|27|2009 5:30 pm EDT
Toys”R”us Buys Toys.com Domain Name for $5.1 Million
The Toys.com domain name bankruptcy auction is now over. I caught the tail end of the auction and listened and Twittered as the 2 final bidders ToysRus and National A1 Advertising fought it out with $5,000 bid increments. The final blow by Toys”R”us was a $5,100,000 bid that trumped National A1′s $5,000,000 bid. Up until this point, the 2 bidders were volleying back and forth with $5,000 bid increments and dragging out the process by requesting breaks before putting in their counter bids. The auction started at 1pm CST and drug on until about 4:25 pm
Bidders included the winner, Toys”R”us, back-up bidder National A1 Advertising, domain investors Frank Schilling as well as Larry Fischer and Ari Goldberg who were the previous stalking horse bidder.
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6 Comments
GenericDomainMarket
February 27, 2009 @ 5:54 pm EDT
Wonderful sale! nice move by Toys”R”Us
Steve
February 27, 2009 @ 6:38 pm EDT
Great sale! Confirms value in generic words and phrases.
Kristoff Barnes
February 27, 2009 @ 6:50 pm EDT
Great acquisition by the powers that be (Bain Capital, et al).
Serves as another feather-in-the-cap for the value of generics.
Are you paying attention Corp. America?
My door is always open :)
Stevie
February 28, 2009 @ 11:54 am EDT
Very nice sale,
Always new toys r us would get it this time.
Toys are forever :)
Frank Rijkaard
February 28, 2009 @ 6:48 pm EDT
Very good buy by Toys R us….
Kevin
March 1, 2009 @ 3:05 am EDT
Very nice acquisition… right up there with Johnson & Johnson’s baby.com!