Is this about the power of candy or the power of domain name real estate? It was reported that Candy.com was sold by the Florida based G&J Holdings for $3,000,000 to Melville Candy Company of Massachusetts. This is the same company runned by Rick Schwartz who sold iReport.com to CNN for $750,000. After the sale of toys.com sold earlier this year for $5,100,000, the candy.com sale is the second largest domain name purchase for 2009.
Hopefully Schwartz had his domain name attorney draft a solid domain name sale agreement so that there are no disputes regarding the transaction.
Cohen IP Law Group and Michael N. Cohen, Los Angeles Trademark Lawyer and Patent Attorney discussing the newest and most cutting edge issues in intellectual property law and litigation.