According to the Malibu Times (found at MalibuTimes.com), the Malibu.com domain name was listed for sale by its owner. This can be confirmed by visiting Malibu.com, where the domain name owner has set up a “for sale” landing page with information about submitting an offer.
I don’t believe this is the first time Malibu.com has been offered for sale. According to an article in DomainGang.com, the domain name was listed for sale via Ryan Colby’s Outcome Brokerage in 2014.
Since the domain name was likely listed for sale before, the most interesting aspect of the Malibu Times’ report (in my opinion) is how much a Councilman for the City of Malibu is trying to get the council to approve to make an offer to buy Malibu.com. From the news report mentioning that Malibu.com is for sale: