The Business India group plans to buy India.com, a leading horizontal portal promoted by the US-based Mail.com. According to industry sources, the deal is worth between $2 million-$4 million. The portal was put on block after the parent company suffered a huge meltdown in the worldwide dotcom crash.
World.com, Inc., a wholly-owned subsidiary of Mail.com, Inc, owns 89 per cent of India.com, while the US-based EMC Corporation owns 11 per cent. World.com, headquartered in New York, is a leading global incubator of premier domain properties such as Asia.com, India.com, Europe.com, USA..com, Japan.com and Doctor.com.