Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Unidentified Buyer Pays $1.5 Million for Russia.com Domain

Posted Sun, 06/12/2009 - 00:28 by Invest-IQ Team

Quintura reports the internet domain name russia.com was recently sold through Sedo, the one-stop-shop for registration, trading, brokering and parking of domain names and web sites. An unknown buyer paid USD 1.5 million for the domain which was originally registered by NewMedia Holdings in 1995 and licensed to Seattle-based Paley Media. In addition to russia.com, NewMedia & Paley operate many nation-related sites including algeria.com, nepal.com, scotland.com. and ukraine.com, most of which are oriented toward tourism. The russia.com website sees about 9,000 unique visitors per month which may account for the relatively low sale price.

By way of comparison, earlier in the year korea.com went for USD 5 million and insure.com for USD 16 million. Candy.com (USD 3 million), Toys.com (USD 5.1 million), and Fly.com (USD 1.8 million) are some of the other high-demand domain names sold recently for six-figure amounts.