Social network buys Dudu.com domain name for $1 million

Thursday, January 5th, 2012

Dudu.com sells for an incredible $1 million.

Wow.

Social network DUDU has paid a whopping $1 million for the domain name Dudu.com, upgrading its domain name from GoDudu.com.

The site “uses unique translation technology to allow its users from around the world to communicate with each other in their native languages”, according to a press release.

The deal was brokered by domain name marketplace Sedo and took three months of negotiations.

A press release from Sedo quotes Dudu Chairman Alibek Issaev about the importance of the domain name:

“With the purchase of dudu.com, we will be able to match our platform’s brand with the exact domain name we need, and migrate from using godudu.com to this shorter version. This purchase means we don’t lose important traffic, and at the same time we ensure that visitors from around the globe will remember our brand’s name.”

The seller is based in China and had not listed the domain for sale.

That’s a heck of a price for this domain name and just goes to show that the circumstance of a sale — a dedicated buyer without a choice in name — can drive a price up.

Further Reading:

  1. $2.6 Million Social.com Sale Could Make Moniker Auction a Big One
  2. Social Business Card Company Buys Poken.com for $75,000
  3. Sex.com Officially in the Record Books at $13 Million

8 Comments » - Posted in Domain Sales by

Comments

  1. Garry
    January 5th, 2012 | 10:33 am

    GoDuDu.com? I went this morning thank you.

  2. Jonathan
    January 5th, 2012 | 12:20 pm

    No nonsense business decision.

  3. Marg
    January 5th, 2012 | 1:19 pm

    DuDu or DoDo? Surely this doesn’t even get to first base with the radio test? Wonder if DeepDuDu.com is taken?

  4. Ryan
    January 5th, 2012 | 1:20 pm

    Amazing if that was in sedo auction it would go for 2.5-5k, 1 million is another realm.

  5. Maksim
    January 5th, 2012 | 1:21 pm

    I’m speachless, looks like cvcv.com will rise in price after this news.

  6. DR.DOMAIN
    January 5th, 2012 | 3:54 pm

    Bizarre…but welcome news.A seven figure sale is always good news.

  7. M. Menius
    January 5th, 2012 | 9:34 pm

    Seems unbelieveable!!

  8. Tom
    January 10th, 2012 | 2:22 am

    dudu look like copycat of twitter and identica

Leave a reply


Your comment will be deleted if: you use an invalid email address, you use a URL shortener for your web site link, your website link goes to a parked domain name, or your "name" is an advertisement keyword.


TOP