Live Current Media ends a sad saga.

Live Current Media (OTC: LIVC.ob) has sold its Cricket.com domain name and assigned its Indian Premier League contract for a total consideration of approximately $1.75 million. About $1M of that will be paid in cash over four quarters, and the remainder is the assumption of liabilities and payment of severance to a key Live Current employee that will be hired by the purchaser, GCV Mauritius.

Last year Live Current Media claimed to reject a previous $6M offer for the Cricket.com domain name. But a lot has changed since then. For one, Live Current entered into a 10 year, $50M agreement with DLF Indian Premier League. Not only did the company not have the money to pay for the agreement, but he company knew nothing about the sport. It showed in its execution. The company bet itself on cricket and lost the bet.

Assuming this deal relieves Live Current of any future obligations under its cricket agreements, this will help the company get somewhat of a fresh start.

Live Current also announced the sale of 2 domain names for $1.6M. One of these domains was previously sold for $1.25M but the buyer backed out. Live Current retained $355,000 that had already been received under the $1.25M agreement. The most recent known sale of a Live Current domain name was Brazil.com at $500,000.

In other news, Live Current restructured its payments for its purchase of Auctomatic, a company that has absolutely nothing to do with Live Current’s business. The Auctomatic acquisition is another example of the company’s poor execution.

© DomainNameWire.com 2009.

Review and rate domain name parking companies at Parking Judge.

Related posts:

1. Live Current Weaseling out of Cricket Deals
2. Live Current (Communicate.com) Signs $50 Million Cricket Deal
3. Cricket.com Takes Shape; Live Current Announces New Deal

Live Current Media ends a sad saga.

Live Current Media (OTC: LIVC.ob) has sold its Cricket.com domain name and assigned its Indian Premier League contract for a total consideration of approximately $1.75 million. About $1M of that will be paid in cash over four quarters, and the remainder is the assumption of liabilities and payment of severance to a key Live Current employee that will be hired by the purchaser, GCV Mauritius.

Last year Live Current Media claimed to reject a previous $6M offer for the Cricket.com domain name. But a lot has changed since then. For one, Live Current entered into a 10 year, $50M agreement with DLF Indian Premier League. Not only did the company not have the money to pay for the agreement, but he company knew nothing about the sport. It showed in its execution. The company bet itself on cricket and lost the bet.

Assuming this deal relieves Live Current of any future obligations under its cricket agreements, this will help the company get somewhat of a fresh start.

Live Current also announced the sale of 2 domain names for $1.6M. One of these domains was previously sold for $1.25M but the buyer backed out. Live Current retained $355,000 that had already been received under the $1.25M agreement. The most recent known sale of a Live Current domain name was Brazil.com at $500,000.

In other news, Live Current restructured its payments for its purchase of Auctomatic, a company that has absolutely nothing to do with Live Current’s business. The Auctomatic acquisition is another example of the company’s poor execution.

© DomainNameWire.com 2009.

Review and rate domain name parking companies at Parking Judge.

Related posts:

1. Live Current Weaseling out of Cricket Deals
2. Live Current (Communicate.com) Signs $50 Million Cricket Deal
3. Cricket.com Takes Shape; Live Current Announces New Deal

XP.com nearly cracks six figures at GreatDomains auction.

Bidding for this month’s GreatDomains auction at Sedo concluded today. Although none of the domains have changed hands yet, it looks like XP.com will be the top sale at $99,000. The domain was originally registered back in 1995.

BestPrices.com came in second at $81,000. BestPrices.com is an active web site with significant traffic. Sued.com came back this month with a lower reserve price that resulted in a much higher sale at $25,003.

None of these results are official yet, but here are other top bids:

bfc.com $18,400
khz.net $452
ahh.net 826 EUR
vgx.comnet $510
982.net 1,052 GBP
xhn.net $440
collectable.net $436
jiny.com $1,280
ambience.net $510
consumercontent.com $80
declined.net $121
desires.net $724
floorwax.net $70
bellyrings.com $8,899
dxb.com $22,500
nxm.com $4,100
zwm.com $3,600
2t.net $6,600
0a.net $2,450
object.net $1,160
sieve.net $559
selfproduced.com $100
usercontent.com $110
userpublished.com $70
musicbase.com $5,600
sneakpeek.com $3,500
travelguide.net $10,100
irishriverdance.com $70
lining.net $859
15.net $9,999

© DomainNameWire.com 2009.

Review and rate domain name parking companies at Parking Judge.

Related posts:

1. Business.US tops another great week for domain sales
2. Aftermarket.com Auction Ends Today, Great Domains Thursday
3. Sedo Great Domains Auction Looks Promising