It's official,Snapnames has been acquired by Los Angeles based Oversee.net

[companyone]

It's official,Snapnames has been acquired by Los Angeles based Oversee.net (Domainsponsor)

http://frankschilling.typepad.com/

Peace,
Dan

 

[GAMEFINEST]

Another buy off ..

 

[namestrands]

Its utter madness. All this convergence can only mean one thing, increased exposure to the domain market.

My advice to anyone this year is to hold on to those premium domains, as at the rate of these big corporations buying up the domain real estate at ULTRA low prices before they drop, I fear that it will not be able to sustain the meagre domainer.

What's the bets that all those premium snapped names end up in a more open auction forum.

Anyone want to hazard a guess as to who is next to be eaten up?

 

[companyone]

Hi namestrands,

Anyone want to hazard a guess as to who is next to be eaten up?

I hope its me...LOL

But I have about 3+ years to go before anything comes my way...or maybe nothing forever.

This can only be good for the domain industry as a whole...less supply...more demand...more money spent.

Like "real" realestate...better to buy now than 10 - 20 years from now.

Peace,
Dan

 

[namestrands]

Agree, hence the reason for telling people not to sell off premium domains. I do worry though as to its sustainability.

This sort of focus on the domain industry, that appears to be powered towards the advertiser; will change laws.

A little uncertainty is on its way.

 

[companyone]

I do worry though as to its sustainability.

I see no problem...most advertisers are still playing "Googles pay per click game". They will wake up a year or so from now and discover having real domain keyword assets is the only way to go. They have ALL...always been 2- 5 years behind the curve when it comes to domains and domain names. I for one hope we see the crazy domain buying there was...right before the "Internet bubble" around 2000. The big difference now will be..."no bubble".

Domain names are only in the 2nd or 3rd inning of a 9 inning game. Onward and upward!

Peace,
Dan

 

[namestrands]

Well I do hope you are right.

 

[BostonDomainer]

This is only good news for domainers.... no complain here

 

[Rarethings]

...Not so good for domainers. If oversee wants to use the snapnames platform to backorder the goods for themself and leave thew half-eaten bread crumbs for everyone else then this could get ugly quick.

 

[Fearless]

...Not so good for domainers. If oversee wants to use the snapnames platform to backorder the goods for themself and leave thew half-eaten bread crumbs for everyone else then this could get ugly quick.

I don't think they would do that. The registrars get a % of the auction sales. No auction sale = no $. The business as it sits now with the valuable customer base is a cash cow. They will only extend the business model.

 

[AlienGG]

Guess why! Oversee.net wants to backorder Oversee.com!!

 

[companyone]

To SnapNames Customers:

I'm writing to inform you that SnapNames has agreed to be acquired by Oversee.net. Oversee, a company already familiar to many in the domain name industry, is a technology-driven online marketing solutions company that offers an impressive array of services to domain name owners. You can learn more about the company at www.oversee.net.

It's important that you understand there will be no changes to the way SnapNames provides its services. This is a combination of two industry leaders with outstanding reputations for serving domain name investors and customers at all levels.

We were attracted to Oversee for many reasons, including the opportunity to offer SnapNames customers a greater breadth of service offerings. Together, the two companies can provide services that support our customers' needs throughout the entire life cycle of a domain name, including procurement, monetization and sales.

This transaction is expected to close in mid-June. There is more information available on our Web site at www.snapnames.com. Of course, we're always available to assist you in any way we can, and encourage your questions and comments. Our support team is available to you here:

On the Web: http://snapnames.custhelp.com
By e-mail: [email protected]

At SnapNames, you will continue to find the world's largest selection of expired domain names. You'll find no changes to your account or the way you do business with us. We value you as a customer and thank you for your continued business.

Sincerely,

Sudhir Bhagwan
Chief Executive Officer

_____________

 

[RTM.net]

All this convergence can only mean one thing, increased exposure to the domain market.

My advice to anyone this year is to hold on to those premium domains, as at the rate of these big corporations buying up the domain real estate at ULTRA low prices before they drop, I fear that it will not be able to sustain the meagre domainer.

I'm digging this SnapNames/Oversee.net/DomainSponsor acquisition bigtime. This is proof positive of the resurgence of the domain market. Hold and acquire names. Do not undersell.

Rob

 

[acronym007]

Will we ever see good names drop again? I mean with Domain Sponsor in the mix, they can take and park the names themselves. Why sell to the peons?

 

[Raider]

I don't think they would do that. The registrars get a % of the auction sales. No auction sale = no $. The business as it sits now with the valuable customer base is a cash cow. They will only extend the business model.

I initially thought the same thing as Rarethings, but you raise a good point Fearless, I also think Oversee would have too much to loose. One thing that I see really taking off for Oversee is domain tasting, whatever is not backordered, there going to pick it up.

 

[companyone]

Hi,

It's important that you understand there will be no changes to the way SnapNames provides its services. This is a combination of two industry leaders with outstanding reputations for serving domain name investors and customers at all levels.

They do not need to own every domain themselves...they will sell the domain to you and then have you "park it" at domainsponsor and then maybe "resell" it for you later down the road.

Sounds like a pretty good plan. A customer on the front, middle, backend of a domain deal.

Besides if they wanted to be in the domain ownership business, they would just take Snapnames "private" and have no auctions at all...and if they wanted to own ALL the good "dropped domains" it would have most likley been cheaper to build their own private domain catch network without the auction part.

Plus...It would be a huge "conflict of interest" if they "snapped" all the great domain names for the reg fee...and just kept the public auction part open for everything else. That does not seem to make a lot of sense on a lot of levels...ie...business sense and moral sense. If they wanted to buy a name through Snap Names now...they would have to let it go through the "public auction" process and be the winning bidder themselves.

Peace,
Dan

 

[GAMEFINEST]

< sipping on some corona......and bidding

 

[dnalias]

I don't think they would do that. The registrars get a % of the auction sales. No auction sale = no $. The business as it sits now with the valuable customer base is a cash cow. They will only extend the business model.

Hi Fearless, I agree with the above, but would you agree that Snapnames's bottom line as a stand alone company was(is, or would be) decreasing due to a smaller and smaller pool of good names dropping?

 

[AlienGG]

Good time to sell itl

 

[BobDiGiTaL]

If I bought snapnames, I know what I would do.

sell the domain to you and then have you "park it" at domainsponsor and then maybe "resell" it for you later down the road