Featured in the  Wall Street Journal Forbes   Bloomberg Investors Business Daily   ABC News BBC News   CNN/Money MSNBC USA Today New York Times 

 

The Lowdown Subscribe to our RSS Feed

Welcome to the The Lowdown from 
DN Journal
- your source for notable news 
and information from all corners of the global domain name industry! 

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


11 Years After an Electrifying Domain Purchase, Bill Karamouzis Sells His Company for $35 Million 

Back in 2010, game developer Bill Karamouzis made a purchase that changed the way many of us thought about the value of domain names. As we detailed in a DN Journal Cover Story about Bill that year, his $350,000 purchase of CookingGames.com left just about everyone in this industry in a state of utter disbelief. Literally. We were flooded with messages from people who thought the sale couldn't possibly be real. Most wondered "what are "cooking games" anyway? Bill knew what they were and he knew just about everything else there was to know about both the game business and the kinds of domains he could use to make money in that field. Prior to the CookingGames.com purchase he had already spent over $4 million on other domains that his company, Addicting Games, had developed into big winners.

Having been schooled on just how valuable some obscure (to the rest of us) two-word .com domains could be, we have been following Bill's career ever since and watched his gaming empire keep getting bigger and bigger. The culmination 

Bill Karamouzis
Addicting Games Founder

of his wisdom and years of hard work arrived this week when Karamouzis sold his Addicting Games empire to Enthusiast Gaming for $35 million. The acquisition includes Addicting Games, Shockwave, Type Racer, ioGames Space, Little Big Snake, Diep.io, EV.io, Mope.io, Math Games and more than 1,000 instant games.

Toronto-based Enthusiast Gaming, is a public company that calls itself the world's largest platform of communities for gamers and eSports fans. Their CEO, Adrian Montgomery, told GamesBeat author Dean Takahashi (at VentureBeat.com), Were super-excited about this deal and about bringing Bill and his team into the fold. Were trying to own the fan experience. I think its such a strategic fit for us to have access to this content and grow our loyal subscriber base and fan base to unlock new revenue streams.

Karmouzis noted, Were game developers. Everything were doing is around product and around the player. And thats really what we focused on. Enthusiast Gaming brings so many eyeballs. They have partnerships with influencers and content creators. They have marketing relationships and partnerships with major advertisers. Its a nice marriage of the two talents between the two companies. And so for us, were, were excited to get our products in front of their audience!

Congratulations to Bill and his entire team. Enthusiast Gaming has already stated they are keeping everyone from the Addicting Games crew in their rapidly growing line up. 

(Posted September 8, 2021)

*****


If you've been out of the loop lately, catch up in the Lowdown Archive!


We need your help to keep giving domainers The Lowdown, so please email editor@dnjournal.com with any interesting information you might have. If possible, include the source of your information so we can check it out (for example a URL if you read it in a forum or on a site elsewhere). 

Follow us on 
Twitter
Like us on 
Facebook
Subscribe to our 
RSS Feed

 SITE LINKS: Home Page | Weekly Domain Sales Report | YTD Sales Charts | The Lowdown
 News Headlines | Get Email Alerts | Site Archives | Classified Ads | About Us | Email Us

No photos, text or content of any kind may be copied from this site without expressed written consent Copyright 2021 DNJournal.com - An Internet Edge, Inc. company.