Meystedt and XF Investments is apparently looking to flip one of their recent investments, tablets.com. According to press release and a report over at Techcrunch, they have not set a price and will wait for the right bid to come across. He did set the minimum by saying that he has turned down offers of a million dollars.XF acquired the name in November of 2010 an an undisclosed price. Tablets also changed hands in 2006 for $50,500.
I’ve watched the layout and monetization efforts at the website over the year and realized this would provide even more value to a company that actually sells tablets and there are plenty of those in today ‘s marketplace. Here is the press release below
The tablet industry, projected to be a $70Billion market in 2014, is growing at a rapid rate. The rate of growth is over $40Million per day, as consumers have quickly adopted top devices from Apple, Amazon, Samsung, Sony and other manufacturers. XF.com Investments has decided to put Tablets.com up for offers, due to the tremendous opportunities that lie ahead in this market.
The rolling odometer on the Tablets.com website shows just how rapidly this industry is growing. RBC Capital Markets expects the tablet market to reach 185 million units sold in calendar 2014, up 83 percent compound annual growth rate (CAGR) from 17 million units in calendar 2010. XF.com Investments, based in Missouri, has not set an asking price for the asset.
“We are going to let the market determine the final sales price,” said Aron Meystedt with XF.com Investments. “We feel the size and growth of this industry will drive the final sales price of Tablets.com up, however, we haven’t set a target price yet,” he added. “Once a bid comes across that we feel is fair for this opportunity, we will accept it and move forward.”
Recent sales have shown the true value of a category leading domain name. Toys.com, Clothes.com, Sex.com (and many unreported sales) have traded hands for 7 and 8 figure sums. Recently, Citrix assigned an $18Million value to their Cloud.com domain name, which it acquired as part of an overall $200Million Cloud.com business purchase earlier this year. “This further illustrates the value of a top .com in a growing tech category,” Aron added. Additionally, the tablet industry is producing several major investments and buyouts, including this week’s agreement for Rakuten to pay $315Million for tablet creator Kobo.