eCompanies buys domain name for $7.5M

eCompanies, a California-based incubator firm, said Tuesday that it has paid $7.5 million for the rights to the Business.com domain. eCompanies said it would use the domain for a business-to-business Internet service in development. eCompanies bought the domain from Marc Ostrofsky, who recently sold his magazine and conference company, Multi Media Publishing, to Prime Media. -- Margaret Kane, ZDNet News