Billionaire Mark Cuban is the new owner of the domain 'Democracy.com'

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Billionaire businessman Mark Cuban, who is known for his role as an investor on the show "Shark Tank," bought the domain Friday in an auction for an undisclosed price, The New York Times reported.

The investor made the purchase on a whim "to make sure someone didn't do something crazy with it," he told The Times.

Talmage Cooley, the site's previous owner, told The Times he emailed Cuban about the auction days before it was set to close, and the billionaire investor made an offer a few minutes later.

"I'm glad that somebody in the US bought it, as opposed to a Russian counter-democracy organization," Cooley told The Times.

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Democracy.com has an unlikely new owner billionaire businessman Mark Cuban.

Cuban, who is known for his role as an investor on the show "Shark Tank," bought the domain Friday in an auction for an undisclosed price, The New York Times reported.See the rest of the story at Business InsiderNOW WATCH: Most maps of Louisiana aren't entirely right. Here's what the state really looks like.See Also:The best streaming sticks and devicesPOWER RANKING: Here's who has the best chance of becoming the 2020 Democratic presidential nomineeI bought a 79 bidet attachment for my toilet in an effort to be more eco-friendly and hygienic and now I can't imagine not having oneSEE ALSO: Mark Cuban thinks Facebook's cryptocurrency Libra is 'a big mistake'

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