According to a MarketWire press release on Yahoo Finance, a publicly traded company called Leisure Canada has acquired VisitCuba.com for cash and stock. Leisure Canada “acquired the domain name, website and assets related to “visitcuba.com” for total purchase consideration of $100,000 USD in cash and 84,746 Class A common shares of the Company.” The value of the shares right now is a bit over $11,000 USD.
The domain name was previously owned by a New Hampshire-based company that owns a significant number of Visit domain names. Incidentally, the company is called Visit Canada, but it does not appear to have any relationship with the buyer. The seller also owns names like VisitCanada.com, VisitMiami.com, VisitQuebec.com, VisitBoston.com, and a number of other Visit geodomain names.
Leisure Canada’s President and CEO, Robin Conners commented, “the opportunity for growth in the tourism sector is significant and visitcuba.com fits perfectly with Leisure Canada’s current assets under development and with its broader growth strategy in Cuba.” The company is expecting to re-launch a website by next year, and it will offer a hotel reservation engine and have Cuban tourism information.
I think it’s a pretty good sale for the former owner. I’ve sent him an email, and will post comments when I hear back.
Thanks to George Kirikos for the tip.