Techdirt: $164 Million For Typo Squatters?

"This is scary if true, but Slashdot reports that an online marketing firm has paid $164 million for a typo squatting company that owns 100,000 domains chock full of advertising. Not only that, but the vast majority of the deal was in cash. The company in question registers tons of typo domains, generic domains and also snaps up domains that expire in the hopes of catching excess traffic. 1998 must be jealous. This is a bubble era style deal if there ever was one. "

[TechDirt]