XYZ buys out Frank Schilling through auction.
Top level domain company XYZ has won the auction for the .car, .cars, and .auto top level domain names. ICANN posted the assignment agreements today.
XYZ partnered with Frank Schilling to bring the domain names to market, so the company effectively bought out its partner through the auction.
XYZ founder Daniel Negari told Domain Name Wire that he was unable to reveal the purchase price due to non-disclosure terms for the auction. He confirmed that there were bidders in the auction other than XYZ and Schilling.
In a written statement, Negari said:
XYZ is all in on bringing the best domain extensions to businesses and individuals around the globe. As the shift to digital accelerates, dealers and automotive businesses have even more reason to use a memorable .Cars / .Car / .Auto domain name.
XYZ continues to be active in M&A, expecting to launch 5 new domain endings in 2021: .Beauty, .Hair .Skin, .Makeup and .Quest. The XYZ Registry now owns and operates 18 domain extensions, including the most utilized new domain extension .xyz – For every website, everywhere®. We are hyper focused on increasing access and awareness to our generic domain endings and inspiring the next generation of internet users to innovate and grow their online presence.
.Car, .cars and .auto have about 1,000 registrations in total. That generates about $2 million in annual revenue, though: the domains have a wholesale price of $2,000 per year.
I contacted them twice for more details for a potential client and they never returned any answer.
Hi Jean, I haven’t received your outreach. Please email me directly – jh@go.cars.
Why should Jean contact you now? The auction is OVER! One partner bought out another. BIG DEAL! XYZ is left “holding the bag” and now wants to find a “greater fool”? Nobody with any sense wants to invest in one of ICANN’s “new gTLDs” after it has now become OBVIOUS that ICANN’s expansion of gTLDs turned out to be the FIASCO, on so MANY levels, that so many of us predicted it would be, and after ICANN so grossly mishandled .ORG and .COM pricing issues (2019-2020) by disregarding, with impunity, thousands of .ORG and .COM registrants’ comments. The sooner ICANN is terminated or replaced, the better off the global internet community, including registrants, will be.
Well that was quick and efficient
What’s that smell?