TMP Worldwide, owner of recruitment site Monster.com, has bought
the domain name Jobs.com and associated trade mark rights for the
sum of $800,000 at a court-approved bankruptcy auction.
Monster.com plans to use the name to increase internet traffic
to its main site as well as set up a new platform for jobs paid by
the hour. Jobs.com received a monthly average of more than 400,000
unique visitors during the first two months of 2002, according to
Media Metrix, despite being out of business at the time.
TMP Worldwide is the biggest on-line recruitment company, with
more than 11,000 employees in 32 countries.
According to the E-commerce Times, Jobs.com filed for bankruptcy
protection in March 2001 after burning around $100 million in
venture funding.
The $800,000 price is the highest disclosed sum paid for a
domain name in several months. According to Domainmart.com, the
most valuable name on the internet is sex.com which, despite being
the subject of legal battles, has never been sold. The second most
valuable name is said to be business.com, which was sold for $7.5
million in November 1999. Around the same time, wines.com and
loans.com each fetched £3 million.
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