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September 11, 2013

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Two-Letter .Com Domain Sold for $4.7 Million in the Year's Largest Domain Sale to Date - Deal Handled by Veteran Brokers Tessa Holcomb and Marcus Kocak

I just returned from vacation and this is the kind of news I like to come back to. Veteran domain brokers Tessa Holcomb and Marcus Kocak teamed up to negotiate the year's biggest domain sale to date, acquiring IG.com on behalf of the London, England based IG Group for $4.7 million. The multi-million dollar exchange of funds was handled by Escrow.com

We will officially chart the sale in our next weekly domain sales report that will be out Wednesday evening (Sept. 11). At $4.7 million, the IG.com sale is more than double the price paid for the previous leader - 114.com, a domain that was sold for $2.1 million in July. 

Mr. Kocak, a Danish businessman and former Director of Domain Acquisitions at NetNames, and Ms.  Holcomb, CEO & Co-Founder of Igloo.com (domain name sales and acquisitions experts), told me they worked together complete the acquisition of IG.com last March but due to a non disclosure agreement the price could not be revealed until the IG Group published it in the company's annual report. 

Foam finger image from Bigstock

Tessa Holcomb 
CEO & Co-Founder, Igloo.com

The previous owner of IG.com was iG, who operates Brazil’s third-largest search portal. They are now using IG.com.br (Brazil's ccTLD) as the company's primary domain. André Chaves, iG CEO and Executive Board Member of BRZtech said, “Although we initially had alternate plans for the IG.com domain name, we were extremely satisfied with the final sales price that  Mr. Kocak and Ms. Holcomb were able to broker while ensuring we felt comfortable with the process throughout the negotiation.”

Ms. Holcomb added, “In line with our sales efforts, Igloo.com understands the range of unique elements required to achieve the results our clients are looking for when looking to secure a third-party-owned property. We are happy to help set a higher standard of what is possible when connecting a premium domain with the right end user.”

(Posted September 9, 2013) 

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