Synacor Sells Check.com
In its quarterly report that was published on August 12, 2014, Synacor reported a large domain name sale, and on its earnings call that followed, the company reported that the domain name it sold was Check.com. In the quarterly report, the company stated, “a $1.0 million pretax gain from the sale of a domain name no longer used in Synacor’s business.”
Based on the language in the quarterly report, the purchase price appears to be $1 million.
According to its website, Synacor is “the leading provider of next-gen startpages, award-winning TV Everywhere solutions and cloud-based Identity Management (IDM) services.” Based on the company’s description and corroborated by the information in the quarterly report, it does not seem like the Check.com domain name was helping the company, and being able to sell it for a significant amount of money makes sense in a situation such as this.
A Whois search shows that the owner of Check.com is a company based in Germany. At the present time, Check.com forwards to megaspace.de, which currently sits undeveloped. It will be interesting to see how the domain name will be used by the buyer.
Thanks to George Kirikos for the tip.
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