A small news item straight from left field, but who knew someone would eventually cough up a six-figure sum for a ‘Libyan’ domain name (one that ends in .ly)? Well, someone did, and that someone is enterprise applications and services company Infor, which acquired the domain name local.ly for $100,000.
The previous owner of local.ly, Hadi Naser of domain name registration and professional services company Libyan Spider, apparently owns several hundred such ‘premium’ .ly domains.
Conveniently, his company also runs a domain name brokerage service at domains.ly.
The legal and technical advisor on the seller’s side for the local.ly deal was London-based agency Brands-and-Jingles. You have to wonder how much global.ly is worth.