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03|27|2008 02:28 pm EDT

Communicate.com Acquires Auctomatic and Changes Name to Live Current Media

by Chad Kettner in Categories: News

Communicate.com has changed its name to Live Current Media Inc. and made a big-time acquisition, buying Auctomatic (a web2.0 eBay listing management company) for $5 million in cash and stock. These moves signal a new beginning for the company from Vancouver, Canada.

Live Current/Communicate.com is in the domain name business with over 800 high valued domains including Perfume.com, Cricket.com, Call.com, Karate.com, Body.com, Brazil.com, Canadian.com, and others. The fourteen year old company has developed a multi-million dollar revenue stream by consistently purchasing and developing high quality domains.

The acquisition of Auctomatic will be instrumental in Live Current’s ability to brand their websites and increase the value of their domains. The Auctomatic team has already developed a shopping engine technology, which was included in the purchase, and is expected to create numerous social features and other tools over time.

“We are a new company,� stated Geoffrey Hampson on the Live Current blog. “As a new media company, we have a clear direction, strategy and the team in place to deliver on our mission of building, owning and operating some of the most engaging content and commerce destinations on the Internet. The wheels are in motion and more good things are to come.�

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1 Comment

Ron

March 27, 2008 @ 7:05 pm EDT

More domain news from Vancouver, Canada. The expansion up north continues.

http://www.domainnamenews.com/up-to-the-minute/vancouvers-internet-millionaires/1475#comment-27044

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