Business Magazine

Looks Likes Coupons.com Got $4.8 Million For Withdrawing Its .Coupons New gTLD App

Posted on the 18 May 2015 by Worldwide @thedomains

According to Tweets from George Kirikos and Daniel Negari it appears that Coupons.com made a cool $4.8 Million dollars for withdrawing its application for the new gTLD .Coupons

George found an SEC filing that showed Coupons.com received $4.8 million dollars from the sale of a domain name.

Coupons.com withdrew its application to operate the new gTLD .Coupons which left Donuts, the only applicant for .Coupons the winner of what appears to have been a private auction or some other method to privately settle contention.

The stated fee of Applicant Auction to conduct private new gTLD auctions was as high as 4% meaning that it is likely that Donuts paid $5 Million for .Coupons and Coupons.com netted $4.8 Million after commission.

Of course it only cost Coupons.com $185,000 to file it’s application for .Coupons making this the best coupon the company ever redeemed.


Back to Featured Articles on Logo Paperblog