Yahoo Sells Expensive contests.com Domain

Yahoo is apparently unloading some expensive domains that it owns — possibly to raise cash during the current economic doldrums. Contests.com, a Yahoo-owned domain, sold at an aftermarket.com domain name auction in Washington, D.C. for $320,000. Yahoo must own thousands of high-value domains. It will be interesting to see if more come on the market or if Yahoo finds a way to mask its seller identity during future sales. Search Engine Journal and TechCrunch are running stories about it.