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November 13, 2014

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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.

Power.com Sold for Nearly $1.3 Million in One of the Year's Biggest Sales 

Thanks to George Kirikos we are able to report that the domain Power.com has been sold to Power Integrations, Inc. for $1,261,000 (Power.com now redirects to the San Jose, California based company's existing website at PowerInt.com). Power Integrations, a supplier of high-performance electronic components, had net revenues of more than $90 million in the recently completed 3rd quarter of 2014.  

Mr. Kirikos, who has uncovered many previously undisclosed high end domain sales while poring over SEC filings, did it again when he found the Power.com purchase listed in Power Integrations's third quarter 10-Q filing with the SEC. From the nameserver change date, it looks like the deal closed in July of this year. 

Coincidentally, I ran into  Scott Smith, who co-brokered the Power.com sale with 

Power image from Bigstock

WebsiteProperties.com, at the T.R.A.F.F.I.C. East  conference two weeks ago in Miami Beach. At that time Scott told me he had made the sale but he couldn't give me any details due to a non disclosure agreement. George has now filled in the blanks.

At $1.261 million, Power.com is the 6th largest sale reported so far this year and the 9th seven-figure transaction to have been made public in 2014 (we will be adding it to our YTD Top 100 chart after our next weekly domain sales report comes out Wednesday evening). Thanks again to Mr. Kirikos for sharing this information.

(Posted Nov. 11, 2014) 

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