YellowPages Paid $3.85 Million For Bargain…

YellowPages Paid $3.85 Million For Bargain…

Robin Wauters of Techcrunch shared an interesting little nugget of information today. News that AT&T’s Yellow Pages purchased the domain name from LiveDeal (formerly YP Corp.) for $3.85 million.

For LiveDeal, a leader in free local online classifieds, it’s a much needed cash injection. After higher than expected cost of services and lower revenues in 2008, the company made a loss of $1.53 million last year.

A year ago, RoyalPingdom collated the top 20 most expensive domain name acquisitions, this acquisition easily ranks up there with the most expensive of them.


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