April 8, 2017 - posted by George Kirikos

It was reported on April 3, 2017 that Walmart acquired the Shoes.com domain name. However, the acquisition price had not yet been reported.

However, it turns out that select files from the bankruptcy court records in the Supreme Court of British Columbia contained the transaction details.

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Supreme Court of British Columbia in Bankruptcy and Insolvency
File #: S-171026 (Vancouver Registry)

IN THE MATTER OF THE RECEIVERSHIP OF
SHOEME TECHNOLOGIES LIMITED
SHOES.COM TECHNOLOGIES INC.

AMONG:

DEANS KNIGHT CAPITAL MANAGEMENT TLD.
(PETITIONER)

AND:

SHOEME TECHNOLOGIES LIMITED
SHOES.COM TECHNOLOGIES INC.
(RESPONDENTS)

The files below are a subset of the entire court file, sufficient to document the Shoes.com domain name acquisition by Walmart.

  1. Notice of Application (March 27, 2017) - 35 pages
  2. Notice of Application (March 30, 2017 - 32 pages
  3. Order Made After Application (March 31, 2017) - 11 pages

After reading the above, one can see Walmart paid USD $9 million for the shoes.com domain name, plus minor related assets (social media accounts, lower quality domain names, and some trademark registrations.

The first document (March 27) shows that Walmart bought "Parcel 2" (there were 3 parcels, the other two were less valuable assets). Paragraph 18 notes the price (USD $9 million) paid by Wal-mart. Schedule B (23rd page of PDF -- the pages aren't numbered, bad!) shows the list of domains acquired: Shoes.com, plus a bunch of relatively worthless ones. They also got some trademarks, and social media accounts. It's also duplicated near the end of the PDF, in the "Bill of Sale" to Wal-Mart (starting on page 28).

The 2nd PDF (March 30th) reconfirms the transaction (paragraph 16).

The 3rd PDF (March 31st) is the approval by the judge.