Report: TAO.com Sold “for over $1M”
According to the DN.com newsletter that was sent to subscribers earlier this week, TAO.com was sold “for over $1M.” The exact purchase price for this domain name was not reported.
Here’s what DN.com reported in its newsletter:
“An interesting find-out, I assume everyone knows the sale of strawberry.com, which is brokered by the famous domainer Andy Booth. Andy is also a certified user at DN.com. If you don’t know the sale yet, see here. Anyways, the buyer of this domain name seems to be Fashion One TV. However, if you dig deeper, you will find out that Fashion One TV is owned by Bigfoot Entertainment. The founder of Bigfoot is Michael Gleissner, a film director, producer and a domainer. And Michael has owned the very valuable pinyin name TAO.com for many years, he recently sold this name through 4.cn for over $1M. Besides TAO.com, Michael also owns many other premium names.”
I reached out to a representative from Bigfoot, and they confirmed the sale of Tao.com, although they did not have any further comment about the sale of the domain name for this article.
Interestingly, despite selling for a reported 7 figures, Tao.com is not resolving at this time. I am unsure of how this domain name will be used. It appears that the current registrant is based in China.
Although the DN.com newsletter said the domain name sold “recently,” I am unsure of when this domain name actually sold. Because there isn’t an exact sale price reported, I highly doubt we will see this sale reported on any of the domain sale tracking websites.
Aside from the newsletter report and confirmation from the company that previously owned the domain name, I have not personally confirmed the sale or a sale price.
Thanks to Charley Chacko for sharing this with me.
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