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REDC Acquires Domain Name Auction.com for $1.7M

I've read this Press Release from the Google News today, very wise decision to make by REDC Chairman Robert Friedman. It is a great acquisition to support a business.

"RVINE, Calif., March 18 /PRNewswire/ -- REDC, the leader in real estate auctions, has acquired the domain name, Auction.com, for $1.7 million, company Chairman Robert Friedman announced today.
"I've wanted this domain for years and I'm thrilled that we were able to acquire this coveted top level domain," Friedman says. "REDC is without question the number one real estate auctioneer in America and quite likely the world. This is a domain we should have had from the beginning and I'm thrilled we are finally Auction.com."
REDC's consumer website for Lender Foreclosed home auctions, until now, has been http://www.ushomeauction.com/. The company is in the process of making the conversion to http://www.auction.com/ exclusively." (2009, PRNewswire.com)

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