Archive for the ‘’ Category Domain sold for $2.5M USD

April 28th, 2011 Comments off

According to a German language press release sent out by Sedo this morning, the company has succesfully brokered the sale of the domain for $2.5 Million USD on behalf of the British Media Corp. The new owner wishes to remain anonymous – no surprise considering the recent actions of the US government against online gambling. The whois seems to still list the old owner at this point.

(c) 2011 (9)

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January 4th, 2011 Comments off

As reported in November, Media Corp is planning to sell their domain with the help of Sedo in order to fund further acquisitions. According to The Times (paid access) it appears that the reserve has now been set at $9 million USD, which is less than half of the original purchase price for the site for $20 million USD in May of 2005, according to the Wall Street Journal on The Australian.

(c) 2010 (8)

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Media Corp Wants to Sell to Fund Acquisitions

November 25th, 2010 Comments off Screenshot

Known for selling (and buying) Domain Names such as for £3.62 MM ($5,7MM USD) million and for €400,000 ($532,840 USD), public company Media Corp (LSE:MDC) is now looking to sell as reported by In 2008, the company bought for £135,000 ($212,460 USD).

CEO Justin Drummond, in his announcement, says: “Whilst the group has significant cash reserves, we have recently seen a number of exciting acquisition opportunities in the online gambling and online advertising space. The successful sale of will give the group significant financial resources to pursue these acquisition opportunities.”

Drummond says Media Corp had already received approaches for It’s now appointed domain warehouse Sedo to broker a sale.

The company has £2.2 ($3.46) million in cash and reported an annual gross profit of £6.3 ($9.91) million on £25.6 ($40.28) million income.

[via Paid Content]