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ICANN rejects sale of .org domain registry to for-profit firm

Many associations opposed $1.135 billion deal, citing concerns about potential price hikes for internet domain names, rights of .org users The Internet Society's plan to sell off its lucrative registry for .org domain names was shot down following nearly six months of controversy and an outpouring of objections from associations and other nonprofits. The Internet Corporation for Assigned Names and Numbers announced April 30 that its board of directors would withhold its consent to transfer the registry to Ethos Capital. The firm had offered more than $1.1 billion for the Public Interest Registry, a subsidiary of the Internet Society. California-based ICANN said the sale… Read More