Domain Sell Stands to Set New Record
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Just months after business.com fetched $7.5 million, a new record has been set for the sale of a domain name.
eBay has not identified the buyer, although it did say 13 offers had been submitted by the close of bidding at 1 p.m. Eastern on Saturday. eBay said the purchase will not be finalized for three business days. The company estimates it will take a couple of days to determine if the bid is legitimate.
The site currently using that domain will be moved once the sale is a done deal, the consultants said. It is currently being used for a site containing detailed information on the millennium bug. The bug, which was widely expected to cause problems across computer networks, has so far had a much smaller effect than initially expected. However, experts are still cautioning that glitches could be uncovered since most businesses are just now resuming normal operations.
The previous $7.5 million record was established after eCompanies, established when EarthLink Network Inc. (ELNK) founder Sky Dayton and former Disney Internet executive Jake Winebaum bought business.com.