Want To Learn More About Flipping Domains For Profit: Read My Post On Domain Flipping!

Confirmation – Live Current Media Sells Cricket.com for $1.75 Million

Posted on August 30th, 2009 by admin in Buying & Selling | No Comments »

I reported the supposed sale of Cricket.com yesterday based on a press release published on BusinessWire.com.

Following correspondence with Geoff Hampson of Live Current Media and Communicate.com I can now confirm that Cricket.com has indeed been sold for $1.75 million to GCV Mauritius making it the 7th domain name to crack the million dollar mark this year.

Live Current Media has decided to divest all of the company’s cricket interests including the cricket.com domain name and website and the rights granted under the contract with the Indian Premier League.

In return, Live Current will receive consideration of $1.75 million plus related expenses as follows:

* $1 million in cash to be paid quarterly in equal installments with the first payment of $250,000 to be paid within two days of closing;
* The assumption by GCV Mauritius of a liability totaling $750,000 related to past obligations to the Board of Control for Cricket in India (BCCI);
* The assumption by GCV Mauritius of salary and employment expenses related to the Live Current employees associated with cricket.com.

Live Current also announced the sale of additional non-core domain names for proceeds of $1.6 million.

Want To Learn More About Flipping Domains For Profit: Read My Post On Domain Flipping!

Explore other similar posts that might interest you

Click on a post title to read the post!

• ElectricityRates.com Sells For $20,000

• Pay.com Up For Sale

• Entrepreneur Flips WebsiteHosting.com For $225,000 Profit

• Business.co Sells For 80,000 USD

• Network Solutions Up To 75% Off Coupon Code

• Internet.co Sells For 40,000 USD

• Top 10 Forums To Buy And Sell Domain Names

• Godaddy To Offer Free Private Registration June 1 Through 15 2011

• Domain Hack Flavor On Sedo

• Bargain Deals On Sedo Today