Report: OnTheBox.com and ForExSpace.com Sold for £250,000 in Cash | DomainInvesting.com
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Report: OnTheBox.com and ForExSpace.com Sold for £250,000 in Cash

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I read a report this morning on iGamingBusiness.com that announced the sale of OnTheBox.com and ForExSpace.com for £250,000 in cash for the pair of domain names. London-based Media Corporation was the seller of the domain names, although the registrant information for these two domain names does not appear to have changed yet.

According to this morning’s report, the company appears to have done very well with the sale:

Media Corporation revealed that the domains were on its balance sheet at £130,000 with the sales representing a profit of £120,000 while it estimates annual staff and associated savings of approximately £350,000. ForExSpace.com was only recently launched and had yet to generate any material revenues while OnTheBox.com came in as a loss-making enterprise for the financial year to September.”

Because these domain names seem to have websites built on them, it’s questionable about whether the sales will be reported as pure domain sales or not. I guess it depends on what the new owner plans to do with the domain names post-sale.

One interesting tidbit from the article indicates that Media Corporation is doing what many domain investors have been doing these last couple of years: selling assets that aren’t making money to increase the amount of cash on hand.

I’ll keep an eye on the Whois information to see who bought the domain names.

Thanks to Chris for the tip.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (9)

    Domaines

    Seems like a lot of money for those names. Wonder why the sale was reported before transfers took place.

    April 13th, 2012 at 1:01 pm

      Elliot Silver

      @ Domaines

      Not sure… sometimes it seems that other sales are reported this way, too. Also, transfers may be pending still.

      April 13th, 2012 at 1:02 pm

    Puranjay

    ForexSpace.com and OnTheBox.com both appear to be large websites. This isn’t a domain purchase; it’s a website purchase.

    April 13th, 2012 at 1:54 pm

    Elliot Silver

    @ Puranjay

    If they plan to knock down both sites, would you consider it a domain sale or website sale?

    April 13th, 2012 at 1:55 pm

    Devon

    I can’t speak for Puranjay, but I most certainly would still consider it a website sale regardless of what the buyer does with them. If they were sold as domains only, it’s a good bet that the transaction price would have been significantly less. It’s what’s being sold at the time of transaction, that counts. Whatever the buyer does with the assets after the sale, shouldn’t change the classification of the original sale itself.

    April 13th, 2012 at 3:01 pm

    Babak

    forexforms.com
    forexade.com,
    is for sale.

    April 15th, 2012 at 3:49 am

    Alex

    http://www.webstatsdomain.com/domains/www.onthebox.com/ so it looks like Chris Gulliver of Netmatters at http://www.netmatters.co.uk/ owns it – or holding for who?

    May 10th, 2012 at 11:10 am

    Stacy

    Sara Vincent (nee Gulliver)’s brother perhaps? MDC website has her as CEO of PLC and so has she sold valuable asset to family or herself through her brother? Would be an interesting story perhaps

    May 15th, 2012 at 5:25 am

    Jane Kite

    Sara Vincent (Gulliver) is Chris Gullivers Sister. I also know that she has a financial interest in Net Matters.

    July 7th, 2012 at 10:54 am

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