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Yahoo has a clear goal ahead of it, at least that's what it keeps saying, focusing on content, its homepage and better integration of its services. Moving towards content creation seems like a smart move â€" AOL has been doing it quite successfully â€" and one of Yahoo's hottest properties in this area is its celebrity gossip blog OMG. It should come as no surprise then that the company recently acquired the premium domain name OMG.com, and the best part is the bargain price of $80,000. The domain name was sold last week but it wasn't until now that the buyer was revealed, as Domain Name Wire reports. At this price it's a real snatch for Yahoo, even as domain name transactions have seen a significant drop in price and volume in the weak economic conditions. The much less valuable LMK.com, shorthand for “Let Me Know,†for example, sold for $58,500 this week, further emphasizing the low price Yahoo paid for OMG.com, which stands for “Oh My God.†Yahoo has been ac!
tive in the domain name market in recent months though its previous transactions have been much less favorable for the company. In June it sold contests.com, considered to be a very valuable asset, for the low price of $380,000 well below what many believed the domain name could have fetched, possibly something in the region ...
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http://news.softpedia.com/news/Yahoo-Snatches-OMG-com-for-80-000-118889.shtml
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