The University of Illinois at Urbana-Champaign owns Tech.com
Back in mid-July 2010 we discussed how the Illinois University at Urbana-Champaign was contemplating to sell one if its biggest non-tangible assets, the domain name Tech.com
Despite an apparent urge at that time by certain authorized people belonging to the University’s Office of Technology Management, six months have passed with no movement on their part.
Large private organizations, such as universities or even banks take their time with making such decisions. It’s only to be expected that although ideas about asset liquidation are tossed around at times of hardship due to the bad economy, the actual springing to action requires ample time.
This does not mean that the Illinois University at Urbana-Champaign isn’t currently actively seeking buyers in the market, for the domain name Tech.com.
In fact, right now might be a good opportunity for investors with a sizable capital to place offers with the Illinois University at Urbana-Champaign about the domain name Tech.com, potentially reaching an agreement that would provide them with this top tier domain name at a mutually agreeable price.
Meanwhile, Valuate.com still pegs the Tech.com worth at $773,000
From the standpoint of the Illinois University at Urbana-Champaign it’s always good to maintain liquidity and to dispose of assets that don’t produce income. The current content at Tech.com is interesting but rather inferior to its potential due to the brand.
We’ll give it another six months and will recap on the potential sale of this amazing domain name, Tech.com, owned by the progressive Illinois University at Urbana-Champaign.
It was never really for sale.
This is odd because Google.com hasn’t changed hands for a while either.This domain name could also be for sale – if anyone wishes to make an offer.
Josh – There are two extensive posts about how the University desired to sell it *after* they had inquiries.
Mosstrooper – Your analogy is a bit off: Google hasn’t actively looked for buyers, unlike the owners of Tech.com
“Guns” – Thanks for the correction there.
Still,passive sellers are known to reap greater rewards than active sellers if a name sale eventually comes through.Personally,I’m convinced that this is Google.com’s owners long-term strategy – The search thing’s just a red herring.