Crypto & fintech

This article was published on December 30, 2008

YellowPages Paid $3.85 Million For YP.com. Bargain…


YellowPages Paid $3.85 Million For YP.com. Bargain…
Zee
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Zee

Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos, designing, listening to good music and making lurrrve.

Robin Wauters of Techcrunch shared an interesting little nugget of information today. News that AT&T’s Yellow Pages purchased the domain name YP.com 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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