Domain Forum of CHINA

Full Version: Did OnlineEducation.com Sell for $3.3 million ?
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TUESDAY,28 JULY 2015 The Domains
According to the news from Domain Forum of China on July 28th,I want to point out the tip for this article came courtesy of JS Lascary, he noticed some info related to QuinStreet a publicly traded company (QNST (NASDAQ) $6.03 -0.15 (-2.43%) that is an online performance marketing company providing technologies for businesses to identify their targeted audiences.

They have purchased a number of high profile domains over the years, back in 2010 they paid $35.6 million for insurance.com, JS noticed they mentioned in a recent filing:

This additional income of $3.2 million, or 112%, was due to the sale of non-strategic domain names for a gain of $3.3 million and lower interest expense due to decreased debt obligations, partially offset by the accelerated amortization of $0.3 million of unamortized deferred upfront costs incurred in connection with the Second Amendment to Credit Agreement.
source : http://investor.quinstreet.com/secfi…3125-15-177129

Now looking at domain history on DomainTools.com shows that in March of 2015 the whois changed from Quin Street to

Registrant Name: A Tooley Registrant Organization: Online Education Research, LLC Registrant Street: 4512 Martin Street Registrant City: Union City Registrant State/Province: California.

Now did the OnlineEducation.com account for the whole $3.3 million ? We don’t know as they did say domain names but it would make sense that this was the lion’s share.

We will update with any further info.