Vegas.com sells for significant $$$

Many domain owners will look with envy at the deal with just closed for the sale of vegas.com.

According to the Associated Press the vegas.com booking site has 3.4 million monthly visitors. The buyers own the Las Vegas Sun newspaper, Las Vegas Magazine, Las Vegas Weekly and a number of websites. AP says the buyer is paying $15.5 million in cash, $9.5 million in stock, $10 million in stock options and depending on the three-year performance up to another $3 million.

This should send everyone scurrying to see what names they own and haven’t developed. That puts pressure on to create and own great content. Contact me: nscelt@hotmail.com

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By allanlynch

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