Two High-Profile Domain Purchases

This last week, we saw two interesting high-profile purchasers of domains. The first was Microsoft who purchased the office.com domain, ostensibly to house the hosted version of its popular Office software suite. The second was Yahoo, who purchased omg.com (omg = “oh my god” acronym = yahoo’s celebrity gossip site) for $80,000. General consensus around the net was that $80K was a bargain price.