SOLD.ca Shop.ca & Shop.us Sold For $536,000 - Acquired By Shopify (3.Viewing)

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https://twitter.com/x/status/1876618027783106926

The URL shop.ca, once the home of a large Canadian e-commerce player in its own right, will now redirect to Shopify’s Amazon-like online megastore.

Shopify has purchased the domains shop.ca and shop.us from Toronto-based Emerge Commerce for $375,000 USD ($536,000 CAD). The domains will now automatically direct users to Shop app as the company continues to nurture the presence of its digital marketplace in an increasingly competitive sector. Chinese online shopping app Temu made strides in the market this year, becoming the most downloaded app in Canada in 2024, according to Apple’s annual app store data.
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Shopify acquires Shop.ca domain from Emerge Commerce


GeorgeK @GeorgeK
 
Press release: EMERGE Completes Sale of Shop Domains to Shopify

TORONTO, Jan. 7, 2025 /CNW/ - EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE" or the "Company"), a premium e-commerce brand portfolio, announced the sale of its premium web domains, Shop.ca and Shop.us, to Shopify Inc. (NYSE: SHOP), for US$375,000, or approximately CA$536,000.
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Still lots of ways to get creative with domain names
 
MapleDots said:
GeorgeK @GeorgeK

Would love to know the breakdown of how much for each domain
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The seller didn't break it down any further. I would guess that even the contract didn't break it down, but had it as one price for the group of domain names.

It shows the sad state of the .CA and .US markets!
 
MapleDots said:
If you break it down to half at $268k for shop.ca it would still be a nice sale.
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With Shopify’s headquarters in Ottawa, I’m fairly certain that they know the value of a .ca so I believe that at a BARE minimum, shop.ca sold for $268K. I honestly believe much more.

Is .us a widely used extension? I don’t recall seeing it recently as I believe Americans prefer .com. Canadians prefer .ca.
 
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