News

Did Invest.com Sell for $5,000,000?

(edit: answer, yes)

A ForexMagnates “exclusive” announced last week the domain name Invest.com was purchased for “over $5 million” by an Isreali VC.  Today the domain remains in Escrow, indicating it’s being transferred, but the transaction and dollar amount remain unconfirmed.  ForexMagnates.com doesn’t exactly claim to have a source for the news. The article also touts the size of the sale compared to Investing.com to years ago:

The over $5 million price tag paid by Hogeg’s fund is a new record for forex related domains, more than doubling Investing.com’s $2.45 million in 2012.

While the Forex publication probably has no reason to embellish or flat out lie about a domain sale, we should not jump to conclusions until the sale is verified.  Assuming the sale is legit, and hopefully it is, this would stand as the second highest reported sale of the year behind Z.com and just ahead of Mi.com.

 

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Mike

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