Thursday, June 5, 2008
SnapNames, Register.com Renew Domain Name Deal
Los Angeles-based Oversee.net's SnapNames.com unit said today that the firm has renewed an exclusive agreement it has with domain registration service Register.com, where it will continue to make domain names surrendered by prior registrants on its auction platform. Financial impact of the deal was not disclosed. SnapNames, which was acquired by Oversee.net last year, sells expired and deleting domain names which have not been renewed by their prior owners. Register.com monitors domain names registered at the site, and when owners fail to renew them they provide them to SnapNames, which auctions them off to the highest bidder.