SnapNames, Renew Domain Name Deal

Los Angeles-based's unit said today that the firm has renewed an exclusive agreement it has with domain registration service, where it will continue to make domain names surrendered by prior registrants on its auction platform. Financial impact of the deal was not disclosed. SnapNames, which was acquired by last year, sells expired and deleting domain names which have not been renewed by their prior owners. monitors domain names registered at the site, and when owners fail to renew them they provide them to SnapNames, which auctions them off to the highest bidder.