XBIZ wrong as usual.

oh shit, here we go.......


(copy) and credits www.cnn.com

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.

Sex.com is seen as one of the most recognizable and therefore financially most promising Web domain names but does not currently have much content.

The new owners said in the statement that they plan to transform Sex.com into "the market-leading adult entertainment destination," which they said would include "adult dating opportunities," sex and relationship advice, erotica, video-on-demand and live chat.

XBiz.com, an adult entertainment trade site, first reported the sale of Sex.com last week and said Escom had agreed to pay $14 million.

But the source said the value of the deal was closer to $12 million and involved cash and stock, as well as requirements that the business meet certain performance targets.

The sale ranks as one of the most expensive Web domain name transfers ever and outpaces the $7.5 million paid for business.com in 1999 at the peak of the dotcom boom.

Kremen -- the founder of Match.com, the matchmaking site now owned by IAC/InterActiveCorp -- regained control of Sex.com after a legal battle dating back to 1997 and subsequent struggles over management and ownership interests.

The site makes money selling banner ads pointing to online pornography sites.

Apparently because of its current role as an intermediary site, Sex.com does not even rank among the top 1,000 adult entertainment sites among U.S. Internet users, according to data by Web measurement firm Hitwise.

Kremen plans to continue as an adviser to the site.

Copyright 2006 Reuters. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.

When are people gonna stay out of my business

It was only $2 mill, that's pocket change

Shit next time just give me a call I got Kremens cell...

I charge of course, but at least the news will be accurate. Then you wont look like idiots in the mainstream press.

who gives a flying turd?

In all due fairness to XBiz, the true accurate amount was never given. The $12 million is also from a source close to the deal, the actual amount wasn't given so even the $12 mil or $14 mil that xbiz reported is speculation. Now granted, I'd trust the source from someone close to the deal, but let's remember that all these news agencies are working off of are rumours.

WG

I know the true answers now from the source.
And reccomended he take a nice vacation.

I hope he does.

Set a world record, made top headlines in most news sources for over 6 years, he oughtah hold out for the TV interviews and make a couple more million.

Maybe finance that movie they wanted to make a while back.
The movie would definatly be worth watching and its an incredible story.

think they'll run a correction?

Wow, kind of embarrassing to have CNN mention you for the sole purpose of saying that you're wrong......

how many surfers are checking out xbiz.com now?

CNN, ABC and every other news station are making mistakes as often as xbiz.

last time i checked you are a nobody designer, why do you care about the sex.com sale anyway?

o wait you're just mad at xbiz because they didnt add you to the award list for designers, at least they didnt make the mistake on that one.

Oooooooo harsh!!!

I was getting ready to post the same thing. I could give a rats ass about sex.com or anyone involved in it. Whoop-tee-fucking-doo

I will never pay to be on it. They will never send me traffic. I will never refer anyone to it. IMHO right now it is one of the worst looking adult sites on the internet. Way to spend 12m on the site and then $100 to some shit outsourcing company in Manila to design it. If there were ever a better case of "dropping the ball" I have yet to see it. The site doesn't even work right in FF.

Last I checked you are a nobody.

why cant you be as cool as the trailer park boys?

I have to agree with Charles, I think you are being too hard on Xbiz. There has been no definitive answer to the question of "what is the deal worth?"

I do wonder why CNN felt it necessary to point out that their number was different than Xbiz number...I could understand if they wanted to beat up on Fox News Channel...

Matt

$12 Million cash + $2 Stock = $14 Million...

They got the DEAL right and CNN doesn't even know the true value of the deal.

The bottom line is:
It is a CASH & STOCK deal worth 14 million! End of story!
...and that is a fact..not an assumption !

Have a nice day

-=Chipmunk=-

Kmfdm - Dogma Lyrics
All we want is a headrush
All we want is to get out of our skin for a while
We have nothing to lose because we don't have anything
Anything we want anyway...
We used to hate people
Now we just make fun of them
It's more effective that way
We don't live
We just scratch on day to day
With nothing but matchbooks and
Sarcasm in our pockets
And all we are waiting for
Is for something worth waiting for
Let's admit america gets the celebrities we deserve
Let's stop saying "Don't quote me"
Because if no one quotes you
You probably haven't said a thing worth saying

Sex, drugs, god, cash, America

We need something to kill the pain
Of all that nothing inside
We all just want to die a little bit
We fear that pop-culture
Is the only culture we're ever going to have
We want to stop reading magazines
Stop watching TV
Stop caring about hollywood
But we're addicted to the things we hate
We don't run washington and no one really does
Ask not what you can do for your country
Ask what your country did to you

Sex, drugs, god, cash, America

The only reason you're still alive is because someone
Has decided to let you live
We owe so much money we're not broke we're broken
We're so poor we can't even pay attention
So what do you want
You want to be famous and rich and happy
But you're terrified you have nothing to offer this world
Nothing to say and no way to say it
But you can say it in three languages
You are more than the sum of what you consume
Desire is not an occupation
You are alternately thrilled and desperate
Skyhigh and f**ked
Let's stop praying for someone
To save us and start saving ourselves
Let's stop this and start over
Let's go out - Let's keep going

Sex, drugs, god, cash, America

This is your life - This is your f**king life
We need something to kill
The pain of all that nothing inside
Quit whining you haven't done
Anything wrong because frankly
You haven't done much of anything
Someone's writing down your mistakes
Someone's documenting your downfall

Just for you alien...
A pic of me and gunter in 97... After my interview with them




sorry it's so big.. lol

Nice, I met em myself in Palo Alto CA. around 97 or so as well!
At "The Edge".

Fucking awesome group.

The lyrics posted are for the lifeless GFY fuskers to read because its about them, there is no better way to descibe it.

read it, and revise it, everyone sees through you.

Any press is good press, especially in this instance.

Actually, if it's a cash and stock deal, the actual amount of the deal is not set in stone, until the last dollar is squeezed out of the stock. It would be entirely possible for the stock to be worth nothing in the end... so the only real value to the deal would be the cash.

And of course, unless someone's willing to post a certified copy of the entire terms, just quoting "sources" doesn't make XBiz wrong... or Alien right.

Then wasn't there also mention of a pesky little performance clause?

I seem to recall seeing that in there somewhere... and if that's indeed the case, and the performance isn't what the buyers are expecting... well then, there might not be so much cash at the end of the day either.

AlienQueer why do you care about the logistics of xbiz/sex.com deal? is the design game a little slow? (just like it was around the time of new years, or like it is ALWAYS for you?)

wasnt there a thread where you were complaining at xbiz not adding you to the designers of the year award nominations?


o ya that was it, that is you being a jealous loser, you see those nominations are for the best designers, that is why you were left out.

are you feeling a little bit of animosity towards xbiz? i think so, THAT IS WHY YOU MADE THIS THREAD, stop whining at xbiz for a minor error that does not involve you, you were left off the list for a reason.

I'm just wondering who some of the anonymous buyers that formed ESCOM are.