Business.com Sells for nearly $350 million

Published: July 26, 2007, 11:54 am

Tags: international, technology, acquisitions, marketing, domains

Telephone-directory company R.H. Donnelley Corp. clinched a deal for Web-based marketing directory Business.com Inc. for between $340 million and $360 million, according to a person familiar with the transaction. In 1999 business.com was founded by Jake Winebaum and Sky Dayton that bought the name for $7.5 million, which was a lot of money at the time for a domain name. Marc Ostrofsky sold the domain in 1999 to the 2 under the name eCompanies. Prior to that Business.com was purchased from idNames.com for $150,000 in a deal brokered by Pinkard “Pinky” Brand. Quoted in 1999, “Business.com is the highest-order business-to-business domain name and is a perfect match with the service we are building in the eCompanies incubator,” eCompanies co-founder Jake Winebaum said in a statement. “We plan to make Business.com the Internet’s preeminent business brand.” Just to show you how far we have come in the Domain industry, here’s a quote from

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