28 Apr '18, 6pm

was acquired for $2.5 million

During the three months ended March 31, 2018, the Company entered into an agreement to acquire a domain name for $2.5 million , which was paid in April 2018. The Company also capitalized $6.0 million and $7.1 million during the three months ended March 31, 2017 and 2018, respectively, of costs related to internally developed software to be sold as a service incurred during the application development stage and is amortizing these costs over the expected lives of the related services.

Full article: https://www.thedomains.com/2018/04/28/goto-com-was-acquir...

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Update: As noticed in a comment on TheDomains:

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