Reglikedomain industry desk

Computer.com and Banks.com sell

Two sizable domain name firms are responsible for major transactions.

Perhaps the two of the largest domain transactions of the year occurred recently.

First, InterSearch Group, Inc. (OTCBB:IGPN) purchased Banks.com. Depending on the size of the transaction, InterSearch will likely disclose the purchase price in its next quarterly filing. One reader suggested this might be the $1.2M purchase Afternic recently coordinated, but I have know idea if this is true. InterSearch paid over $10M for IRS.com and the firm realizes the value of a good domain name. InterSearch is the parent firm of domain parking firm ParkingDots. The firm views its parking service as a pipeline for key domain purchases.

Second, Internet Real Estate Group (formerly DealJam) sold Computer.com to Tiger Direct, a division of Systemax (NYSE: SYX). Internet Real Estate Group is perhaps the biggest player in premium domains. Among the firm’s properties are Software.com, Phone.com, Chocolate.com, Luggage.com, and Relationship.com.

Thanks two two readers for sending me information regarding these recent sales.

Also on the wire

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