Silver.com Acquired for $875,000
I want to share news of a large sale that was just reported to me. Silver.com was acquired on December 27, 2012 for $875,000. The buyer sent me a copy of the Escrow.com closing statement to prove the transaction was completed.
The acquiring company is JM Bullion, which was founded in 2011 and has reportedly seen tremendous growth. According to Kendall Saville, an investor in the company, Silver.com was acquired to increase momentum and drive even more business. ”We decided we needed a domain name that would help us become the largest online precious metal retailers in the world and believe we have found that with Silver.com,” said Saville.
The company intends to use the same model they developed with JMBullion.com to sell gold and silver online. What better place to sell silver than on Silver.com.
Silver.com was probably one of the final sales consummated in 2012, and it will go down as one of the largest of the year. In fact, it was the third largest publicly reported sale of 2012 according to DNJournal. Congratulations to both parties, as it appears Silver.com will help a growing company.