11 Oct '12, 5pm

Move, Inc. Buys For $11.5 Million Cash

Move.com just bought Relocation.com For $11.5 Million cash. Although Relocation.com is a business not just a domain, we would make the argument that the site Relocation.com would not have gotten to where it is today without the domain name. The buyer Move.com is owned by a publicly traded company, Move, Inc. (Nasdaq: MOVE) Move, Inc. also owns Moving.com Go ahead and tell me that domain names are not important. Here are some quotes from the PR: “The deal represents another step toward Move’s strategic goal of creating a one-stop destination for the industry’s most comprehensive and accurate real estate listings, as well as adjacent services like moving and storage that make the real estate process easier and more convenient for consumers. The acquisition also bolsters Move’s focus on the residential rental market, which in the U.S. is expected to add five to six million ho...

Full article: http://www.thedomains.com/2012/10/11/move-inc-buys-reloca...

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