Sports.com domain name to be acquired for USD $6 million (1 Viewing)

As I posted to my blog, the Sports.com domain name is to be acquired for USD $6 million:

https://freespeech.com/2021/07/07/sports-com-domain-name-to-be-acquired-for-6-million/

$3 million of it has already been paid, with the remaining $3 million to be paid by the end of the year.

I read about that this morning and immediately thought it sold too cheap.

Considering what they pay players (millions of dollars) I think this domain could have gone for more.

Personally I think 10 or 12 million would not have been out of the question.

It looks like this is linked to a SPAC and Lottery.com, which plans to go into sports betting, so sure if you have a well funded company and they plan to go big into an industry like gambling the price 'could' have been more. Or I guess another way to say it is they could have afforded to pay more if they are a well funded SPAC and expect to be a big player. Though there will be a lot of competition in sports betting now that it's opened up to single event bets.

Voice.com sold for $30 million, before that if you'd asked me if I wanted Sports.com or Voice.com it would have been a difficult choice. I might even still take Sports.com over Voice.com because sports is such a huge market all over the world.

One newsletter I get on start ups shows what funding they are getting in different rounds. Every week you see these start ups getting $10 million, $50 million, $100 million and more in funding rounds, companies you've never heard of. There is a lot of money sloshing out there in the world right now...

I've updated the Sports[.]com domain article from 2021 (see the bottom of the blog post) to reflect additional analysis from the latest SEC filing. As such, it's best to NOT chart the transaction (it may not have been 100% cash).

https://freespeech.com/2021/07/07/sports-com-domain-name-to-be-acquired-for-6-million/