News is just out that creditcards.com has sold together with Netquote.com for $350 million. The two sites were sold together, with creditcards.com reportedly making up most of the balance.
It was quoted that creditcards.com was bought for low 7 figures some time ago, developed into a high traffic site and valued for investment at $150 million. It is now being resold at an even higher rate.
Robert Prime, owner of remortgage.com, commented saying “a sale like this only further underlines the value of top generic domains, a top domain with a profitable site on it is a recipe for the huge sales that are being reported lately.”
The value of the .com has been inflated in the past in the .com boom, now it seems it has taken off again. Sales like this will strengthen further this strong market place.