F My Life: It's Funny, It's True, Except When It Happens to You
It wasn't the GeorgeWBushLibrary.com this time, it was even better.
Yes, there was yet another high-profile domain name that was just acquired for seven figures.
Faculty Lounge has purchased Toys.com for $1.25 million. An auction was organized for the domain name as a result of the recent shutdown of The Parent Company.
The Parent Company had filed for bankruptcy in December of last year in the U.S. Bankruptcy Court District of Delaware. It auctioned off several substantial assets at the law offices of Pachulski Stang Ziehl & Jones LLP yesterday morning.
Although the creditors still need to approve everything, most of the assets on auction were sold.
ePregnancy.com and other eToys assets were bought for $2.15 million (they were actual operational businesses, not just domain names), while Birthdays.com, Pinata.com, eParties.com were acquired for $200,000 by Done Ventures and Domain Equity picked up Hobbies.com and iToys.com for $102,000.
But Toys.com was the most noteworthy sale, as it was worth $1.25 million to Faculty Lounge solely for the domain name.
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