Oversee.net previously purchased Snapnames in May for $35 million and will integrate Moniker into its Snapnames Live service.
Moniker has become a leader in the continually growing second domain names market. We’ve covered Moniker auctions twice before (here and here); they may not have the volume of some of their competitors but they had carved out a strong niche at the top of the market.
Both parties said that the acquisition would strength their positions in a highly competitive market.
(in part via Domaintools)