The valuable Icy.com domain name has reportedly been acquired for a 7 figure sum. Manik Kundra, who founded a company called Icy Studios, announced the acquisition on LinkedIn last night. His company has used IcyStudios.com since its founding, and Icy.com now forwards to the company’s website.
Prior to the acquisition, Icy.com was owned by Brandforce. The archived landing page for Icy.com shows the minimum offer to inquire about Icy.com was $2 million USD. I asked Louis Pickthall, Co-Founder and Vice President of BrandForce, if he could share the sale price for this domain name, but he was unable to do so. He did confirm that he brokered the sale of this domain name.
Manik’s LinkedIn post is below. Although the Icy.com sale price wasn’t shared, I added Icy to the list of companies that upgraded its domain name on Embrace.com.
Smart “kid” that gets it. He put all of his knowledge and savings into a one word .com brand. That kid is going places.
That’s what conviction looks like and so few truly understand it.
As the saying goes, You Gotta Have Balls, which also happens to be the title of a great book by Brandon Steiner.
WTG. This will pay back in spades.
Congratulations to Manik Kundra for having made a great business decision. Funds will keep coming because investors recognize the value of a domain name like icy.com.