Internet

Short Take: Domain name raises $1 million

Venture Catalyst has agreed to sell the domain name "cyberworks.com" for $1 million to Hong Kong-based telephone company Pacific Century CyberWorks. Venture Catalyst provides venture services to support and facilitate new businesses. Under the deal, Pacific Century CyberWorks will acquire both the ".com" and ".net" domain names.

Venture Catalyst has agreed to sell the domain name "cyberworks.com" for $1 million to Hong Kong-based telephone company Pacific Century CyberWorks. Venture Catalyst provides venture services to support and facilitate new businesses. Under the deal, Pacific Century CyberWorks will acquire both the ".com" and ".net" domain names.