The Wall Street Journal posted a press release[1] this morning announcing the private acquisition of the XM.com domain name. According to the article, “Internationally acknowledged financial Institution Trading Point of Financial Instruments Ltd has recently announced the successful acquisition of the prestigious two-letter domain name XM.COM as the short name for XEMarkets for an undisclosed amount.”
Although the purchase price for the domain name wasn’t announced by the buyer or seller, past marketing of this domain name may shed some light on the acquisition cost for us.
In March and April, Frank Aiello, formerly of Domain Holdings[2], announced in his newsletter that XM.com was for sale with a price of $220,000. The domain name was mentioned in several newsletters, and the price doesn’t appear to have wavered from its $220,000 asking price. The transaction appears to have occurred at the end of April[3].
Although we don’t know the official purchase price of the domain name, it’s a great asset for this company.
** Update **
I was told that Domain Holdings was not involved in the sale of this domain name.
Thanks to Bill Sweetman of Name Ninja[4] for sharing this with me.
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