MySpace Spends $25K on MySpace.Co, A Domain They Could Have Bought For $300

MySpace Spends $25K on MySpace.Co, A Domain They Could Have Bought For $300
http://www.thedomains.com/2010/09/01/myspace-spend-25k-on-myspace-co-a-domain-they-could-have-bought-for-300/

They still have a lot to learn when it comes to domain names.

A reader informed me that they were in the auction for MySpace.co and that the domain sold for $25,000.

The whois record now confirms that Twentieth Century Fox, which is owned by NewsCorp, which also owns MySpace.com, is the new owner of the domain.

Of course as the trademark holder, Fox could have just applied for the domain in the Sunrise period for around $300 and gotten the domain.

Moreover, one would think that they would have had a very good chance of getting the domain through a WIPO proceeding for 1/4 of the price they paid at auction.

(via Instapaper)

selling websites

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