Candy.com Sells for $3 Million

Domain registrations and investments are showing signs of life in 2009. There is no better indicator of this than the recent acquisition of the candy.com domain name.

It sold for $3 million to G&J Holdings.  This is the 2nd-largest domain purchase this year, following the Toys R Us purchase of toys.com.

G&J Holdings will use the new candy.com to sell, um, candy.  The press release claims there are more than 800,000 monthly searches for the word "candy," which explains why the domain name sold for $3 million.

Candy.com was sold by Rick Schwartz.  Schwartz was well known last year for selling ireport.com to CNN for $750,000.

If you want to learn how to roll in the dough yourself with domain name investing, just grab a copy of 1) The Domain Game over at Amazon and 2) Domain Sales Machine.

Related articles by Zemanta

• Candy.com Sells For A Sweet $3 Million (techcrunch.com)
• Toys.com Is Bought Again for $5.1 Million by ToysRUs (blippitt.com)
• Toys.com Sale Finally Approved (blippitt.com)
• ToysRUs Buys Toys.com At Auction For $5.1 Million (techcrunch.com)
• Toys 'R' Us to Pay $5.1 Million For Toys.com (inquisitr.com)

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Technorati Tags: Candy.com, Domain Names, Domain Sales Machine, Domaining, Making Money, Rick Schwartz

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