Dubai-based Businessman Buys Dudu.com For $1m
A Dubai-based businessman has purchased a domain name for his social networking site for a whopping $1 million. The deal was struck after three months of negotiations and brokered by online domain provider Sedo.
The domain name has since replaced the social networking site that was located on godudu.com. Dudu uses a unique translation technology to allow its users from around the world to communicate with each other in their native languages.
Dubai-based businessman and Chairman of Dudu Communications Alibek Issaev purchased the domain from its owner in China.
“With the purchase of dudu.com, we will be able to match our platform’s brand with the exact domain name we need, and migrate from using godudu.com to this shorter version,” said Issaev. “This purchase means we don’t lose important traffic, and at the same time we ensure that visitors from around the globe will remember our brand's name.”
The social networking site was launched in April 2011 and within a small span, has over 2 million registered users who can add friends, upload and share pictures, just like Facebook, and also listen to music and see what your friends are listening to.
Dudu Communications is owned by s a team of professionals from Russia, Turkey, UAE, Germany and other countries who today operate it as a software firm with offices around the world, offering high-end IT solutions.
According to reports, it took Sedo’s international sales team almost three months to negotiate the deal. The Germany-based company whose acronym is ‘Search Engine for Domain Offers,’ claims to have one of the world’s largest database of domain names for sale, with more than 15 million listings. Last year, the company managed to arrange the sale of anther domain Gambling.com for $2.5 million.
Read about tech expert Alibek Issaev here. You can read more Alibek Issaev news online.