Minimum bids, asset purchase agreement, and 10% deposit required by February 25.
Well today it was announced that the on going read about auction of toys.com will go a head on the 27th of Febuary. The domain which was won earlier this month by Faculty Lounge for $1.25 million at a bankruptcy auction, was then not given t them as another company offered to pay more for the domain. This is an on going saga in the domain industry at the moment.
Facualty Lounge are the horse bidder in this auction, if they do not win the auction they will be given 3 percent of the final sale value as well as the money for additional legal fees.
New bidders who want to aquire this name will have to top the $1.25 million already biddded and the horse house fee.
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