TechCrunch is reporting that the US based internet media giant Yahoo has just acquired a cool domain name.

Yahoo has acquired OMG.com for just around USD 80,000. This is a pretty good buy for the company considering the domain name sounds pretty hip and has just three letters.

Yahoo could potentially move their OMG portal to this domain. Or they might have something else planned for it.

OMG.com could become a potential rival to TMZ.com which is owned by rival company AOL.