Domain News reports that Insure.com has sold for $16 million to QuinStreet. QuinStreet is a vertical media and online marketing company located in Foster City, CA. This sale is the largest publically reported domain name sale of the year and is an indicator that the domain name economy may be showing signs of a turn around.
The transaction requires QuinStreet to submit an initial payment of $15 million in cash and a $1 million payment in 365 days. Domain News reports that QuinStreet has been in the market for generic .com domain names in the past, and the company recently paid $18 million for a portfolio of names under the internet.com brand.
If you have a generic top-level domain name that you would like to sell, please contact one of our expert domain name attorneys today. We can help you structure the deal, provide you with domain name transfer agreements, and help you negotiate with the purchaser.