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Banks.com Sold for $1.3 Million via Sedo

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Late last week, investor George Kirikos revealed that Delta.com had sold in July 2000 for $2,125,000, a sale that was found thanks to the revamping of the SEC’s full-text search, which allows searches of filings dating back to 2000.

George prompted other industry participants to help discover more deals (details are available on how to do that by going here), and so I found another seven-figure domain deal that confirms a 2006 acquisition.

The name in question is Banks.com, which was acquired by IRS, Inc of San Francisco in 2006 for a total of $1.3 million. These details come from an SEC filing documenting a purchase agreement between the company and the sellers, listed as two individuals from the UK.

At the time of the sale, both DomainNameWire and DNJournal covered the sale, but they were unable to state the exact price paid, although DomainNameWire came close by theorizing that the price could have been $1.2 million.

There was also speculation that the sale occurred at Afternic, but the SEC filing shows that Sedo was used as the escrow agent for the transaction.

Four years after this sale for $1.3 million, Banks.com entered into a “sale-leaseback” agreement with Domain Capital, a domain financing company. Domain Capital financed the domain for $600,000.

If DNJournal charts the 2006 sale of Banks.com, it will rank as the fourth-largest sale of that year, sitting just behind Camera.com at $1.5 million.

Today, Banks.com is operated by Simply FinTech.

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3 months ago

I’m pretty sure that Banks.com was a publicly traded company at some point.

James Iles
James Iles
3 months ago

Yes, you’re right

Banks.com Sold for .3 Million via Sedo

Brent Oxley Sells Uno.com in a 7 Figure Financed Deal

Hostgator founder turned domain investor Brent Oxley has amassed a portfolio filled with some of the most desirable domains on the Internet. From the likes of Broker.com and Create.com to Athlete.com and VT.com, Brent has spent a significant amount of money to create a portfolio anyone would be envious of.

Brent acquires plenty of domains (I’ve reported on countless acquisitions over the last five years), but he sells very few. Today, I can report one name that he has sold in a seven-figure financed deal, and that is Uno.com.

Resolve Physician Agency Acquires Resolve.com via Sedo

Last week, a couple of investors noticed that the domain Resolve.com moved from its longstanding ownership at financial technologies company D+H Ltd into a Sedo holding account.

Jamie Zoch of DotWeekly tweeted the news:

This one-word .COM has just moved out of Sedo's holding account and shows new WHOIS ownership information, signifying that the domain has been sold via Sedo. According to WHOIS, the new owner is the Resolve Physician Agency, a specialist employment agency for physicians.

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Telepathy Inc, the domain investment portfolio founded by industry veteran Nat Cohen, has a penchant for short names. The company is listed as owning hundreds of three-letter .COM's, and also several two-letter .COM's.

It seems that Telepathy may have sold one of its two-letter .COM's after LT.com was transferred out of Telepathy's Name.com account to a NameCheap account. At the same time, the domain's nameserver data was updated. As of writing, the WHOIS data connected to LT.com's owner has been redacted for privacy purposes.