Domain Name Ashford.com sells for US$400,000

Wednesday, April 25. 2007

The one-time online retailer of jewelry and luxury goods Odimo (based in Sunrise, Florida), has sold the domain name Ashford.com for $400,000 to the private holding company Luxi Group of New York.
According to the article by the Miami Herald:

The deal follows Odimo's sales last year of the domain names Diamond.com and WorldofWatches.com in separate transactions valued at almost $10 million.

Odimo is now a nonoperating publicly traded shell company that's looking for potential merger or acquisition candidates. It has $74 million in loss carryforwards, which a business -- for tax purposes -- could apply to future profits.

Source [Miami Herald]

Posted by Ian McAlister at 02:36 | Comments (0) | Trackbacks (0)

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