Report: Deal Valued at Nearly $90 Million

George Kirikos is reporting that sold in 2005 in a deal valued at nearly $90 million over 35 years. The source of his tweet is a SEC filing from earlier this year that discusses the purchase agreement for dating to 2005.

Here are some of the details from the SEC filing that spells out the value of this deal:

“In June 2005,, LLC entered into an agreement for the purchase of The agreement specified that a $12,000,000, one-time payment be made upon execution of the agreement along with monthly payments of approximately $83,000 for 36 months, $125,000 for the next 60 months, and then $208,000 for the next 36 months. Per the terms of the agreement, after June 30, 2016, following the 132 initial monthly payments,, LLC in its sole discretion may terminate the agreement and forfeit the domain name. If, LLC chooses not to terminate the agreement, they will continue making the monthly payments of approximately $208,000 until June 30, 2040, at which time the seller will transfer the domain name to, LLC without further payment or cost to, LLC.”

There are more details about the transaction within the SEC filing if you are interested in reading more about the deal and its value.

I exchanged a couple of emails with George this morning, and he shared the math that shows the value of this deal:

(a) $12 million up front.
(b) 83,000 x 36 = $3 million
(c) 125,000 x 60 = $7.5 million
(d) $208,000 x 36 = $7.5 million

They can terminate in June 30, 2016, and lose the domain. If they keep paying untl 2040 (that’s 24 years, or 288 months), they’d pay $208,000 more per month

(e) $208,000 x 288 = $60 million

Add those all up, it’s $90 million

(the $83,000 and $208,000 figures are approximate)

Interestingly, is a very different website from According to the website about us page, “ is the tourist destination web site of the Las Vegas Convention and Visitors Authority (LVCVA).” Whois records show that currently resolves on nameservers. It does not appear that the registrant information has changed during the course of this deal. In fact, the same registrant as today was listed in 2003, according to the DomainTools Whois History tool. That could be because the deal is ongoing through 2040, although that is simply my guess.

Also interestingly, a few months ago, Michael Berkens reported  a deal for

Wikipedia has a page that documents the largest publicly reported domain name sales, although I believe some of the domain names listed on that page included domain names that had websites / businesses. At the present time, the top 5 sales listed on that page are for $35.6 million, for $35 million, for $30.18 million, for $18 million, and for $17 million.

Obviously a deal for valued at approximately $90 million would easily move to the top of the list, although is a developed business. A big issue for reporting this sale is that the deal is not yet completed since it goes through 2040 (another 25 years). A significant chunk of money has already presumably been paid, but the deal is ongoing.

Thanks to George Kirikos for sharing this on Twitter.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn


  1. Right now would be placed 4th on that list close behind (which also was a developed business), with nearly $ 29 mio paid as of now..

  2. The LasVegas .com sale is for the domain only, not the business:

    “In May 2005, the Company entered into a contract under which it agreed to pay $12,000,000 for exclusive right to use the domain name “” The contract term is 35 years. The Company is amortizing the domain name rights over 35 years.”

  3. This is very interesting. I have never heard of a deal structured like this over this length of time – although I recall Rick Schwartz possibly having an ongoing profit sharing arrangement on one of his generics.

    If the figures are accurate, I am also surprised there was not a large initial advertising burst to help launch. I don’t remember one. Apparently, was generating tremendous traffic when this deal went down.

  4. >” for $35 million”

    And for all those who still have the “shorter is always better” bias, notice how LOOOOOOONG that one is.

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