Ebola.com sold for over $200,000 to a marijuana company

The owners of the website Ebola.com have scored a big payday with the outbreak of the epidemic, selling the domain for more than USD 200,000 in cash and stock.

hidden October 25, 2014 10:04:11 IST
Ebola.com sold for over $200,000 to a marijuana company

Washington: The owners of the website Ebola.com have scored a big payday with the outbreak of the epidemic, selling the domain for more than USD 200,000 in cash and stock.

The deal highlights the rewards and risk of industry trading and speculating in domain names that see high interest following news events.

Ebolacom sold for over 200000 to a marijuana company

Representational image. AP

According to a securities filing, the buyer was a Russian-registered firm called Weed Growth Fund, previously known as Ovation Research.The October 20 filing said the price was USD 50,000 cash and 19,192 shares of Cannabis Sativa worth close to USD 170,000, which promotes medical uses for marijuana.

The reasons for the sale were not clear but Cannabis Sativa chief and former New Mexico governor Gary Johnson has publicly said he thinks marijuana may be used to treat the deadly disease.

The seller was Nevada-based Blue String Ventures, which describes itself as an "Internet real estate investment and branding" company.

"If you are looking for a great name for your company there's an excellent chance we can help," the company says on its website.

Some of its holdings have included Africanmango.com, Fukushima.com and RaspberryKetones.com.

The Ebola.com website contains articles offering facts and frequently asked questions about the disease, which has infected almost 10,000 people worldwide, killing nearly 4,900.

AFP

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