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CentralNic spends $3.3 million on .com portfolios

Kevin Murphy, January 9, 2018, 13:09:06 (UTC), Domain Sales

CentralNic has splashed out £2.5 million ($3.3 million) to bolster its portfolio of domain names for the secondary market.
The company said in a brief statement today that it acquired an unspecified number of domains across “a number of portfolios”. The sellers were not disclosed.
The names were all in .com.
CEO Ben Crawford said the names were acquired “at an attractive discount to current market rates”.
The deals mean London-listed CentralNic might be able to continue to prop up its recurring revenue (registry/registrar) numbers through the sale of premium names, something it still needs to do if it wants to show investors a pleasing growth curve.
That’s assuming it can sell the names at a profit, of course.
Some call this the premium domain “hamster wheel”.

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