$164.2 Million payed for certain assets of Name Development Ltd.
 

... most people won't know who that is [Name Development Ltd.] , but I guess http://www.ultimatesearch.com/ rings a bell.

... oh, this happened on the 23rd of november this year, just in case it was missed:
http://www.marchex.com/press.html#news14

Welcome to last week, Taboo already posted about it :glugglug

timeline

Its only about $2,000 per domain.

He could have gotten way more.

Thanks for posting it again. I missed it. :)

:)

here's the original link and some discussion...
http://bbs.gofuckyourself.com/showth...hreadid=393035

:glugglug

Come Kevin, you're saying that like $160mil is not a lot of money or as if there is anyone else stepping up to the plate to pay that kind of multiples for a domain portfolios.

None of his names were prime domains, or great domains, or big one worders. Now Lets put the 80/20 rule up. If 20% of his domains made him 80% of the money that leaves about 80,000 out there which are nearly worthless by themselves. How long would it take him to sell 20k names and get close to $150mil ? THan lets factor in time and energy ??

Now lets forget all i just said
$160mil in a bank accnt, making at least $10mil a year from bonds and other tax free investments. That sounds like a pretty good deal.

Time will tell if it was a good buy or a sell but for know Yun Ye made off like a bandid.

ditto slavik!

Its a fantastic score, no doubt, but I would still argue he would have been better off holding on for a few more years. There's also a better play he could have easily pulled off and netted over 3 times that amount.

isn't that the chinese guy?

which would be what ? Do tell please.

Everyone says he sold to cheap "after the fact" but as slavik says $150+ mill in the banks is plenty of cushioning. . . guess time will tell.

Since the deal has already been done, what play would that be great sensei?

very sweet deal if you ask me... $160+ million is more than enough to capitalize on. I remember a long time ago ultimatesearch took one of our unused domains... luckily it was a shitty one but funny to know how big of a reward they got for what they have been doing.

:winkwink: Like I'm gonna post a technique on that level on GFY for free. Not. That kind of investment banking / M&A strategy costs big bucks.

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Well said Slav :)

Awww maaaaaan! Well, I will call you for private council when I buy domain number 99,999. Don't worry, it will be a while before I call you because I'm only at 211 now. :winkwink:

deal has not been done yet
Marchex has 6 months to come up with funding
only an intent of sale letter was signed so far

yeah same here, we've let some domains go that ended up with Ult. I've also bought few names from him and sold him a name.

KRL wouldnt that same technique make more money if one has $160mil in their pocket to start with?

No, it would have worked without this sale happening first.