Faculty Lounge has bid $1.25 million for the Toys.com domain name, in an auction organized to sell of the assets of bankrupt company, The Parent Company.

The Parent Company filed for bankruptcy in December 2008 in the U.S. Bankruptcy Court District of Delaware. An auction in the law offices of Pachulski Stang Ziehl & Jones LLP has seen most assets sold, subject to creditors’ approval.

In addition to the sale of the Toys.com domain, other web properties sold were: ePregnancy.com and other eToys assets, sold for $2.15 million (these were businesses not just domain names), Birthdays.com, Pinata.com and eParties.com, sold for $200,000 to Done Ventures, and Hobbies.com and iToys.com, sold for $102,000 to Domain Equity.

Source: Robin Wauters, “The Parent Company Auctions Off Assets, Sells Toys.com Domain For $1.25 Million,” TechCrunch, February 5, 2009

Related Articles:

• Did Australian Energy Company TRUenergy Let Electricity.com.au Expire?
• Disney Forgets To Renew Club Penguin Domain Name
• Verizon Files $1.83 Million Lawsuit Against Above.com and Trellian For Cybersquatting
• What Happens When Big Companies Forget To Renew Great Domain Names?
• Parked Domain Names Up in November 2010

This entry was posted on Monday, February 9th, 2009 at 4:55 am and is filed under Domain Names, News and Comment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.