Comments on: Fund.com Sells for a Record $10 Million http://www.domainnamenews.com/domain-sales/fundcom-sells-for-a-world-record-10-million/1476 News and Views from the Domain Name Industry Sat, 11 Oct 2008 02:41:43 +0000 http://wordpress.org/?v=2.6.1 By: dch http://www.domainnamenews.com/domain-sales/fundcom-sells-for-a-world-record-10-million/1476#comment-26301 dch Wed, 12 Mar 2008 23:06:25 +0000 http://www.domainnamenews.com/domain-sales/fundcom-sells-for-a-world-record-10-million/1476#comment-26301 adam- it appears that way, however the deal was structured to allow intersearch to finance the transaction with debt. the irs.com owners got 50% in cash upfront, and 50% 6 months down the road. the second 50% was secured by shares of intersearch. in the SEC filings, you can trace the proceeds of the debt financing to the immediate redemption of the shares of intersearch (which were held as security for the second half of the payment). so essentially, the irs.com owners got 50% upfront, 50% 6 months later, 100% cash. adam-

it appears that way, however the deal was structured to allow intersearch to finance the transaction with debt.

the irs.com owners got 50% in cash upfront, and 50% 6 months down the road. the second 50% was secured by shares of intersearch.

in the SEC filings, you can trace the proceeds of the debt financing to the immediate redemption of the shares of intersearch (which were held as security for the second half of the payment).

so essentially, the irs.com owners got 50% upfront, 50% 6 months later, 100% cash.

]]> By: Adam Strong http://www.domainnamenews.com/domain-sales/fundcom-sells-for-a-world-record-10-million/1476#comment-26297 Adam Strong Wed, 12 Mar 2008 22:09:17 +0000 http://www.domainnamenews.com/domain-sales/fundcom-sells-for-a-world-record-10-million/1476#comment-26297 ah good point dch. however the sale wasn't all cash : http://www.secinfo.com/d14D5a.u251v.htm#1rui ah good point dch. however the sale wasn’t all cash : http://www.secinfo.com/d14D5a.u251v.htm#1rui

]]> By: dch http://www.domainnamenews.com/domain-sales/fundcom-sells-for-a-world-record-10-million/1476#comment-26295 dch Wed, 12 Mar 2008 22:04:08 +0000 http://www.domainnamenews.com/domain-sales/fundcom-sells-for-a-world-record-10-million/1476#comment-26295 irs.com was the largest verifiable cash sale.. $11.1 MM cash...it's all in the SEC filings. irs.com was the largest verifiable cash sale..

$11.1 MM cash…it’s all in the SEC filings.

]]> By: Steve Z http://www.domainnamenews.com/domain-sales/fundcom-sells-for-a-world-record-10-million/1476#comment-26290 Steve Z Wed, 12 Mar 2008 19:58:46 +0000 http://www.domainnamenews.com/domain-sales/fundcom-sells-for-a-world-record-10-million/1476#comment-26290 It seems that the “world’s greatest domain sale” has been brokered by a company that has no web presence, at least not as of this writing. I cannot find any info on Cleck Media Inc., the company that was reported to have brokered the deal, other than press releases. A whois search on clekmedia.com and clekmediainc.com produced the following results: both were registered within the past 24 hours, both with private registrations. One is parked at Domain Sponsor and one is for sale. While this is a common occurrence, riding on the coattails of news releases and both are most likely not related to Clek Media, it still brings to question the lack of web presence for Clek Media. Does anyone have any information on this company? DN Journal reported it “confirmed” the sale. With so much at stake here, when is a reported sale considered a sale? What is considered “confirmed”? By whom and according to who? Bogus press releases are commonplace and often revealed in domain forums, often months after the original release date. While I have no reason to believe this sale to be untrue, it would be nice if there were some sort of standard on confirming sales. It seems that the “world’s greatest domain sale” has been brokered by a company that has no web presence, at least not as of this writing. I cannot find any info on Cleck Media Inc., the company that was reported to have brokered the deal, other than press releases. A whois search on clekmedia.com and clekmediainc.com produced the following results: both were registered within the past 24 hours, both with private registrations. One is parked at Domain Sponsor and one is for sale. While this is a common occurrence, riding on the coattails of news releases and both are most likely not related to Clek Media, it still brings to question the lack of web presence for Clek Media. Does anyone have any information on this company? DN Journal reported it “confirmed” the sale. With so much at stake here, when is a reported sale considered a sale? What is considered “confirmed”? By whom and according to who? Bogus press releases are commonplace and often revealed in domain forums, often months after the original release date. While I have no reason to believe this sale to be untrue, it would be nice if there were some sort of standard on confirming sales.

]]>