And The First $1 Million Domain Name Sale Of 2012 Is …

Domain name marketplace operator Sedo this morning announced that it has brokered a big domain name sale before the first week of the new year is over.

The company has negotiated a sale of the domain to a Dubai-based social networking service provider called – you guessed it – DUDU Communications.

Amazingly, the domain name went for as much as $1 million, which is right up there with the sales of, and – heck, it even fetched double the purchase price of premium domains like, and

Sedo says negotiations with the former owner of, from China, took three months.

Said Alibek Issaev, chairman of DUDU:

“With the purchase of, we will be able to match our platform’s brand with the exact domain name we need, and migrate from using to this shorter version.

This purchase means we don’t lose important traffic, and at the same time we ensure that visitors from around the globe will remember our brand’s name.”

DUDU, started in 2007, is a multi-lingual social network that lets people communicate with each other online even if they don’t speak the same language.

Also read: Canadian Rock Band Wants To Cash In On Sale