Dark Blue Sea's chief executive, Greg Platz, has just told me that yes, the expired domains business they've bought is Domain 8.
And yes, he confirmed the purchase price is potentially worth as much as $1.5million if all the earn-out conditions are satisfied.
However he also confirmed that DBS has only bought Domain 8's expoired domains business.
It hasn't bought the entire Domain 8 company, and it hasn't therefore bought the Australian registrar license that Domain 8 holds.
Thats importrant for a number of reasons, not the least of which is the fact that Domain 8 still has some very valuable assets.
Its also important because it throws the spotlight on the value being placed on Domain 8's expired domains business.
Dark Blue Sea's deal tells the world that Domain 8's expired domains business alone, could be worth as much as $1.5million if it reaches the profitability targets being forecast.
Now seeing as Domin 8's top selling expired com.au domain thus far has been printing.com.au at $8000, that a big call.
Indeed it raises as many questions as it answers.
Why pay so much, at least potentially, for what, at the moment at least, is such a small such a new business.
Of course, the payment isn't being made in cash; its being made wholly in new DBS shares.
So thats a consideration, as too is Photons latest attempted takoever.
(Any DBS share issuing will dilute Photon's current stake and make it harder for them)'.
Even so, this is a very odd deal.
For more information go to
www.darkbluesea.com
www.photongroup.com
www.domain8.com.au
No comments:
Post a Comment