sells for over $14M,"adult social network" to follow

Gary Kremen's much-contested domain has been purchased by Escom, LLC, a web development company that promises to build a social network there. Terms of the deal were not disclosed, but some reports peg the sale price around $14 million. Not so, says the company's publicist.

Anonymous sources familiar with the deal tell Boing Boing the actual figure is higher, comprised of a combination of cash and stock.

"This is the first time a domain of this propriety and notoriety has delved into the online social community market dominated by companies like," a company spokesperson told Boing Boing today. "The new service will offer classifieds, dating, chat, health information, and directories of resources, in addition to many other features." Link to press release.