The sale follows a decision eight months ago by San Diego based Venture Catalyst Inc. to abandon a strategy to rebrand itself as CyberWorks.
Pacific Century CyberWorks Limited recently bought Hong Kong’s largest telecoms company, Cable and Wireless, for $28.5 billion. According to Venture Capitalist Inc, the $1 million transfer is only the tenth seven figure transfer of a domain name, the biggest being business.com for $7.5 million.