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Tuesday, January 24, 2006

Sex Sells

Posted by on January 24 at 13:53 PM

SAN FRANCISCO (Reuters) -, long coveted as potentially one of the most lucrative sites on the Web because of its catchy name, has been sold for about $12 million in cash and stock, a source familiar with the deal said on Monday.

A group of anonymous buyers, Boston-based Escom LLC, said in a statement it had acquired the Web address from Gary Kremen, chief executive of Grant Media LLC and the founder of Terms of the transaction were not disclosed. is seen as one of the most recognizable and therefore financially most promising Web domain names but does not currently have much content.

If only I’d purchased that domain instead of back in 1993.

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There are STILL people who think a domain name is more valuable than interesting content? isn't even on the radar for valuable porn sites, let alone web sites in general. Somebody got snookered. Ah well. Economic efficiency at work; people that dumb DESERVE to have their $12 million taken away from them.

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