LA.com – Sold for $1.2 million USD.
Domain investor, George Kirikos, unveiled the amount paid for the acquisition of LA.com.
Digging through the filings of a Form 10-Q at the US Securities and Exchange Commission, Kirikos noted that Tribune Publishing paid $1.2 million dollars to acquire the domain.
That’s a great deal in comparison to other LL .com domain sales, given the quality of the letters involved.
LA stands for “Los Angeles,” and Tribune Publishing owns the Los Angeles Times and the matching domain, LATimes.com.
For the $1.2 million dollar sale reference, examine the document.
“In February 2016, the Company purchased the domain name LA.com for $1.2 million and has classified this purchase as an indefinite-lived intangible asset.”
Many thanks to George Kirikos for his superb investigative report!
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The site preview/promo is pretty good and hints of what’s to come. With the them already having a large dedicated news team for the Los Angeles Times, LA.com most likely going to become a popular, well-trafficked site for the LA area.