Yahoo! Inc. (NASDAQ:YHOO), in an apparent effort to clean Marissa Mayer’s closet to make room for further acquisitions, has decided to rid itself of a number of domain names it’s acquired over the years. Mayer, who has held the reins of the Internet giant for less than a year and half, has acquired well over thirty companies in order to return relevance to the Internet portal. While a large percentage of her acquisitions have been in the mobile arena, well, her closet is getting cluttered.
The auction will begin tomorrow and continue for a week ending November 21.
These “premium” domain names range from a simple thousand dollars to as high as $1.5 million for av.com. Shocking given that, in my humble opinion, sandwich.com will only go for something in the neighborhood of $100,000.
Clearly Yahoo! Inc. (NASDAQ:YHOO) doesn’t need the money, but you need an explanation for this ….palooza and this is what Yahoo has contrived:
When you’re a company that’s been around as long as Yahoo, there are lots of fun things that you stumble across. This year, we found a huge list of domain names that the company has owned for quite some time.
Yahoo to set domains free?
As we discussed what to do with them, it became obvious that it was time to set them free…back into the wild of the Internet. Surely, creative people, businesses and entrepreneurs could come up with something great to do with them. They could even spark some brand new ideas or companies.
Whether or not there is any truth to any of these suggestions, it isn’t worth your time. The fact is, these domains have clearly lost their utility and Yahoo! Inc. (NASDAQ:YHOO) believes that they will never have more value than they do right now.
Amongst the aforementioned domains, others for sale include the nonsensical ‘fonzo.com’ and ‘mym.net’ on the off chance that you woke up this morning needing either of those.
