The leading online domain marketplace and monetization provider, today announced the successful negotiation of a $1 million sale for the domain name dudu.com. A memorable, short and brandable name, the sale of dudu.com to social media network DUDU was brokered, after three months of negotiations, by Sedo’s international sales team.

Located in Dubai, the buyer of dudu.com is Mr. Alibek Issaev, a businessman and Chairman of DUDU Communications. DUDU is a popular social network which uses unique translation technology to allow its users from around the world to communicate with each other in their native languages. The network is currently located at www.godudu.com, and the company decided that investing in a shorter, more memorable name would benefit their business’ growth.

“With the purchase of dudu.com, we will be able to match our platform’s brand with the exact domain name we need, and migrate from using godudu.com to this shorter version,” said Alibek Issaev, Chairman of DUDU. “This purchase means we don’t lose important traffic, and at the same time we ensure that visitors from around the globe will remember our brand’s name.”

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