Court filing shows proposed $13 million domain name sale.
Over the past few weeks I’ve been checking the Escom bankruptcy court docket twice daily for an update to the Sex.com case. Earlier today the court posted a proposed order (pdf) for the sale of Sex.com for $13 million. The buyer is Clover Holdings Limited.
The sale was handled by Sedo, which worked to broker a sale of the domain name on behalf of Sex.com owner Escom, which had been pushed into bankruptcy. If Sedo was unable to find a buyer through negotiations it was going to hold an open auction. Apparently there was significant interest, and entering into an auction could have caused difficulties as the sale and payment terms would have been fixed.
The deal still needs to be approved by the court. If approved, this will be a fairly good resolution to what has been yet another rough patch for the storied Sex.com domain name.
(Update: congrats to Kevin Murphy over at DomainIncite, who appears to be the first person to report on this breaking sale today in an article at The Register.)
:: Domainers Gate :: says
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no record price but impressive sale!
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:: Domainers Gate :: says
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so, what could be the value of future sex.xxx and se.xxx domains???
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johntee says
$13mm! Sure it did. Sure it did.
5 years from now we’ll find out it was sold for $1mm in cash and $12mm in GrassRoots.org stock options.
Charley says
I am assuming Clover Holding Limited is a Private Equity/Venture Capital group.