Vancouver's Live Current Media announced today that it has entered into an agreement with Palo Alto-based Arbor Advisors, LLC to sell six of its non-core but highly valuable dot-com domain names from the company’s portfolio. Live Current expects to market the domain names for an aggregate amount of $6-10 million and anticipates negotiating transactions for the sale of some or all of the six domain names within 90 days.
Domain Name Wire is reporting that geo-related domains are specifically on the block including Brazil.com, Vietnam.com, Indonesia.com, Malaysia.com, and GreatBritain.com. Considering today's difficult fundraising market, selling off non-core domain names may be a smart non-dilutive form of financing to fund growth.
Disclosure: Geoff Hampson and Boris Wertz are both Directors of Techvibes Media Inc. and Live Current Media Inc.
Live Current builds, owns and operates some of the most powerful and engaging content and commerce destinations on the Internet. Through... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
