TheLegacy |
01-24-2006 04:24 PM |
Sex.com sold for $12 million
SAN FRANCISCO, California (Reuters) -- Sex.com, 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 Sex.com from Gary Kremen, chief executive of Grant Media LLC and the founder of Match.com. Terms of the transaction were not disclosed.
http://edition.cnn.com/2006/TECH/int...eut/index.html
|