Pinnacle Sports Worldwide, an online betting website, has purchased the premium generic domain name Pinnacle.com from Avnet, Inc. according to whois records.
Avnet, a fortune 500 company acquired Pinnacle Data Systems Inc. in November 2011 for about $22 Million, which owned the Pinnacle.com domain name.
The domain name transferred out of corporate brand protection service MarkMonitor to SafeNames under privacy protection, but displays an email address for Pinnacle Sports.
The purchase price is currently unknown, but the domain IMO easily holds a value in the six figures.
Congrats to buyers and sellers!