Goto.com Was Acquired for $2.5 Million

Posted on the 28 April 2018 by Worldwide @thedomains

So after 4 hours of intrigue and guesses on Twitter, George Kirikos reveals that he discovered the 7 figure sale of Goto.com. GotoMeeting.com was the buyer.

From Sec Filings:

During the three months ended March 31, 2018, the Company entered into an agreement to acquire a domain name for $2.5 million, which was paid in April 2018. The Company also capitalized $6.0 million and $7.1 million during the three months ended March 31, 2017 and 2018, respectively, of costs related to internally developed software to be sold as a service incurred during the application development stage and is amortizing these costs over the expected lives of the related services.

GoToMeeting is a web-hosted service created and marketed by LogMeIn.

Another person actually tweeted the right guess as George did not reach his goal of 50 retweets, we were stuck in the twenties.

https://t.co/w5PgQIK3Xi for $2.5M ?

— Bill Patterson (@billp3) April 28, 2018