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:
“One of the parties sniffing around is the City of Malibu.
Councilman Skylar Peak is asking his colleagues to approve bidding up to 5 thousand dollars for the premium Internet real estate. “
I don’t think that will get the job done. In fact, I offered to buy Malibu.com for $25,000 in 2008 and I never even received a response to my offer.
Malibu, California is a beautiful city with a thriving real estate market. I am sure the owner will see some strong offers to buy the domain name.