ICANN blocks proposal to let .org be sold to a for-profit group

ICANN blocks proposal to let .org be sold to a for-profit group 1

A for-profit group might not end up controlling the .org domain after all. The ICANN Board has rejected Internet Society’s proposal to sell control of the .org domain and the Public Interest Registry, which manages it, to private equity firm Ethos Capital for $1.1 billion. It was a controversial proposition from the start, seeing as the .org domain is mostly used by non-profits — so much so that lawmakers had to send a letter of concern to the parties involved. A bunch of internet pioneers also joined forces and asked ICANN to block the deal from pushing through.

In its announcement, the ICANN Board said it conducted thorough due diligence before coming to its decision. It reviewed “hundreds of pages of documentation and responses,” most likely in favor of the sale, provided by the PIR and Ethos Capital. Board members were also briefed extensively by the ICANN organization, considered the California Attorney General’s Office’s opinions and read comments by the public on the ICANN forum.

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bitcoin
Bitcoin (BTC) $ 66,619.00
ethereum
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binance-coin
Binance Coin (BNB) $ 496.87
cardano
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tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.14
solana
Solana (SOL) $ 167.63
polkadot
Polkadot (DOT) $ 42.95
dogecoin
Dogecoin (DOGE) $ 0.252017
usd-coin
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