FW: .Web reportedly auctioned for $135 million
FYI-now we are talking about a truly serious endowment fund... Jothan Frakes just posted on Facebook that the .Web last resort auction has concluded and that the gTLD sold for $135 million. The identity of the winning purchaser was not included. If the report is correct, that means that the auction fund has just more than doubled to almost a quarter of a billion dollars, with its use yet to be determined by the ICANN community. Philip S. Corwin, Founding Principal Virtualaw LLC 1155 F Street, NW Suite 1050 Washington, DC 20004 202-559-8597/Direct 202-559-8750/Fax 202-255-6172/Cell Twitter: @VlawDC "Luck is the residue of design" -- Branch Rickey
It's also been reported on Domain Name Wire: http://domainnamewire.com/2016/07/28/breaking-web-top-level-domain-name-auct... but no winner announced. I think ICANN makes a commitment to do that within 7 days of the auction. Donna From: owner-council@gnso.icann.org [mailto:owner-council@gnso.icann.org] On Behalf Of Phil Corwin Sent: Thursday, July 28, 2016 1:58 PM To: council@gnso.icann.org Subject: [council] FW: .Web reportedly auctioned for $135 million FYI-now we are talking about a truly serious endowment fund... Jothan Frakes just posted on Facebook that the .Web last resort auction has concluded and that the gTLD sold for $135 million. The identity of the winning purchaser was not included. If the report is correct, that means that the auction fund has just more than doubled to almost a quarter of a billion dollars, with its use yet to be determined by the ICANN community. Philip S. Corwin, Founding Principal Virtualaw LLC 1155 F Street, NW Suite 1050 Washington, DC 20004 202-559-8597/Direct 202-559-8750/Fax 202-255-6172/Cell Twitter: @VlawDC "Luck is the residue of design" -- Branch Rickey
participants (2)
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Austin, Donna -
Phil Corwin