Andrew Rosener and his Media Options domain brokerage have been active in the domain name marketplace, and the company has been particularly active in the market for short domain names. Yesterday morning, I learned that Rosener’s company has acquired the two letter MJ.com domain name for an undisclosed price.
Media Options publicly disclosed the acquisition on its Twitter feed this afternoon:
MediaOptions is proud to say it has acquired the http://t.co/l4pM59ygw3 domain name as part of its Ganjapreneur Network! @GanjapreneurCom
— MediaOptions.com (@MediaOptions) June 3, 2015
MJ.com is obviously a valuable domain name, and my guess would be a high six figure acquisiton. According to my email records, MJ.com was offered for sale via domain broker newsletter for $450,000 back in April of 2012. Due to the Whois privacy that has been enabled on this domain name, I am not sure if it was sold back then. Short domain names like this one have gone up in value since 2012 though, so my gut says the price was more than its 2012 price, but that is more of a guess.
Marijuana is often abbreviated as “mj,” so this domain name fits right in with the Ganjapreneur.com brand, which I wrote about a couple of months ago.
Media Options has had quite good luck with two letter .com domain names in the past. The company recently brokered the sale of EO.com for an undisclosed amount shortly after listing it for sale. In a tweet announcing the deal, the company said, “MediaOptions has now bought, sold & traded almost 30 #LL.com domains!” Looks like there is now one more on that list. It does not seem like this one was bought to re-sell though.
Congratulations to Media Options on the acquisiton.
Thanks Elliot! Yeah, very excited about this acquisition. We paid a VERY VERY VERY high price for it but it’s a once in a lifetime opportunity to own the single best domain name for the legal marijuana industry – probably the 2nd greatest growth industry in our lifetime after the inception of the Internet!
As you said, MJ.com is NOT going to be for sale. Although we are told it has tremendous Pinyin meanings in China.
MJ.com – Coming Soon!
Letter J is a top choice when it comes to pinyin meanings.
mmm i’d say marijuana.com is probably the best but its a great domain regardless. it must be awesome to have the financial capabilities to own such domains.
I said the same thing to Andrew yesterday!
Very nice one there Drew. Congrats on that acquisition. Great one for your interest(s)!!
Marijuana.com is clearly a great domain which is why it sold for $4.2 million! However, I think it is a bit too generic and as well highly prone to typos!
Well done and congrats to media options.
Perfectly suited name for their ganjapreneur brand.
i bet u paid under $500k and will be reselling it in the very near future to a chinese buyer for a little under a cool million…will be a nice healthy profit…smart move, nothing to worry about, risk-free liquid asset.
play with big money…make big money!!!
How much you are willing to bet?
Let’s play with big money … make big money
You were right Andrew, you were after a true gem and got it: Congrats!!!
Nothing better for a domainer/developer than the satisfaction to get the best name for the industry you target.
Now transform it into a successfull site.
Michael Jordan …..
Huge name, congrats Drew! 😉
Next stop buying MO.com to replace MediaOptions.com … jk 🙂
Wow, amazing name…congrats!
One of the most well known uses of “MJ” is as a nickname for Michael Jackson, and Michael Jackson starred in a movie named Captain EO which was a 3D Sci-fi film directed by Francis Coppola and featured at Disney theme parks. Media Options was directly involved in both EO.com and MJ.com. Hmmmm…
I opposed to recreational, but support medical.
Had to say that first.
That said, I’m pretty partial to Weed.com. That, Marijuana and MJ are the three most valuable for the industry. Nice thing about MJ is that it will probably only go up in value, meaning I suspect that no matter what the investment can not only be recouped if desired, but a profit on the domain alone could be realize virtually at any time.
MarijuanaGuy.com bows to YOU!!!
Now you are in my league.
Congrats on the acquisition, with the greatest respect I can’t see how spelling marijuana is any harder than ganjapreneur
You could say this buy was a bit of a …….Thriller
Very nice domain. Many uses… including Marijuana, Michael Jackson, and Michael Jordan, just to name a few.
Forgot… Magic Johnson
Why spend time, effort and money to develop it when you can sell to the folks below for more than you can earn on a bet on marijuana becoming legal and mainstream. The DEA is a tough cookie!