Wednesday, October 3, 2012

GiftCardLab Shells Out $4.0M For Domain Name GiftCard.com

Dallas-based gift card site GiftCardLab.com said today that it has acquired the domain name GiftCard.com, in a deal worth over $4.0M in cash and stock. As part of the deal, the company said it is shifting its branding and primary URL over to GiftCard.com. The firm said its acquisition of the domain is the largest domain name purchase this year so far, and is "one of the most expensive domain names ever purchased." GiftCard.com offers up a wide range of gift cards for purchase by users, including major retailers, online stores, and more.