The Value of Development on the block for 40x + its 1999 "bubble" valuation. That is because the site was developed out...

Business information directory and search enginame is for sale, reports the Wall Street Journal, and it may fetch as much as $400 million. Investment bank Credit Suisse is representing the company.

The domain name was purchased for $7.5 million back in 1999. Later, the purchase was widely ridiculed - in 1997 the domain was acquired for just $150,000.

Those were the days before CPC ads and parked pages, though, which brought the value of domains up exponentially. The risk paid off. now has EBITDA of around $15 million/year. A $400 million acquisition price is a 26 multiple on current revenue, which is on the high end of current valuations.

From TechCrunch

Posted on June 22, 2007 and filed under Online Media.