Oversee.net Acquires Moniker For $65 Million
Written by on January 3rd, 2008 in Ajax News.
Oversee.net has acquired domain registration and auction powerhouse Moniker for what is believed to be $65 million.
Oversee.net previously purchased Snapnames in May for $35 million and will integrate Moniker into its Snapnames Live service.
Moniker has become a leader in the continually growing second domain names market. We’ve covered Moniker auctions twice before (here and here); they may not have the volume of some of their competitors but they had carved out a strong niche at the top of the market.
Both parties said that the acquisition would strength their positions in a highly competitive market.
(in part via Domaintools)
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/210830600/