Live Current Media Sells Body.com for $400,000
Monday, March 16th, 2009
Company sells another domain name to raise cash.
The domain liquidation at Live Current Media (OTCbb: livc.ob) continues: a reader spotted the sale of Body.com at Sedo’s Great Domains site for $400,000.
That means Live Current has grossed at least $2M from domain sales since announcing in October it would sell domain names to raise cash (assuming one more planned deal goes through).
First it sold a domain — most likely Malaysia.com — for CAD $500,000. Then it announced earlier this month that it sold two domains for $1.65M. It’s unclear if Body.com was one of those domains, but a commenter on Domain Name Wire’s story about the $1.65M transaction said he was fairly sure Body.com was one of the domains, so it’s likely part of the sum. That means there’s another sale pending for $1.25M.
I checked the whois records for the rest of Live Current Media’s domain names and didn’t see any major changes.
Including a $1M investment, the company will have about $3M in the door over a period of four of five months, assuming the remaining deal goes through.
It is enough to save the company? Only if its cricket partners continue to cut it some slack.
Further Reading:
- UPDATED: Live Current Media Sells Vietnam.com
- Live Current Media Sells Indonesia.com
- The $1.65M Live Current Media Guessing Game
Tags: body.com, livc.ob, live current media
Call.com possibly could be the 2nd name.
Contact Info for th domain name is Live Current Media/Communicate.com but the website shows the content from Phones.com
Source: DomainState http://domainstate.com/showthread.php3?s=&threadid=95985&pagenumber=2
Ravi – interesting. Call.com has a history:
http://domainnamewire.com/2006/08/15/the-future-of-domain-parking-plus-callcom-250000/
Interesting. As a stockholder I hope wall street realizes the beauty of selling domain assets. Quick and easy.
Live Current still have several domains for sale and if any serious buyers are looking please feel free to contact myself to discuss.
I am brokering several of there domains and would be happy to discuss these domains with serious domainers and endusers.
Robbie
RT @SedoDomainNames: Body.com sold for $400,000! http://tinyurl.com/d7lbyl
The problem with Live Current’s plan is that you can only sell body.com once, or malaysia.com once, then they are gone. Seems like these names are better off being developed, how hard would it be to develop body.com into a personal care/cosmetics site, or malaysia.com into a travel site. Even if you have to partner with someone to do it. If they liquidate all their best names they will soon find themselves with little quality inventory.
Robb – but this isn’t a plan. It’s a last ditch effort to raise enough cash to keep the company afloat, and then work with what’s left.
Stock is down 42% today so I think they have a little more work to do
http://www.google.com/finance?client=ig&q=OTC:LIVC
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