Yahoo! Purchases OMG.com Domain Name

TechCrunch reports that Yahoo! has purchased www.omg.com for $80,000, reporting that the domain was actually fairly cheap when you consider the company recently sold contests.com for $380,000 earlier this year or the fact that candy.com sold for $3 million.

Yahoo! has been changing a lot over the last few months at the hand of its new CEO Carol Bartz. Bartz last week said that the company was never a search engine, and plainly said that, while Yahoo!'s 20 percent of the search market was nothing to be scoffed at, the company makes its real money through its pages, like sports and news.

Whether Yahoo!'s plans for its recently purchased www.omg.com are going to be a part of the company's complete transition from search engine to web portal is still unknown, so what do you think Yahoo! is going to do with omg.com? Could it be a social network for sharing cool and exciting links or are we looking at something completely new and innovative? Or, even more boring than social networking, is this another URL that Yahoo! will do absolutely nothing with? Let us know what you think in the comments below!

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