According to Tricia Duryee of AllThingsD, CSN Stores, the company that owns and operates quite a large number of websites on descriptive domain names, has received $165 million in funding. The article mentioned that the company will be spending some of this funding on new acquisitions:
“The funding will go toward expansion both internationally and in the U.S.; for acquisitions; and to support the launch of its new brand, Wayfair.com.”
This could be an opportunity for domain owners who have built product-related websites and want to sell their stake, or for those domain investors who have great generic domain names that have not built anything on them yet. Perhaps the company would be interested in making strategic domain acquisitions.
In all, the company operates over 200 websites. Some of the websites on descriptive domain names include:
Thanks to MO.com for the tip.