Business Magazine Which Sold For $7.5 Million in 2006 Is Back On The Market

Posted on the 20 March 2015 by Worldwide @thedomains

The domain name is back on the market and its being brokered by Godaddy.

In 2006 bought the domain name for $7.5 Million from Odimo

According, it is the 5th highest all cash domain sale of all time.

“If you consider that in nine years, the market has gone up, we hope for a better number than [the previous sale],” says Paul Nicks, senior director of aftermarket at GoDaddy. “If you look at the top end of the domain market, it’s all generic.”

“We are trying to identify folks who are either in the industry or outside,” he says. “Diamond is very versatile. It can also be used for credit card rewards or things of that nature. We want to make sure this gets the white glove treatment it deserves.”

Shmuel Gniwisch, former CEO, says his company wanted to sell the domain, as it is “slowly getting out of the online business.

According to the owner of the site gets “thousands of visitors each month and we are not spending any money. People feel it’s a destination to start off with.”

The press release goes on to note that the domain name sold last year to the company that owns, I’m not sure that sale was previously reported anywhere.

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