LOS ANGELES (AP) — A private equity firm seeking to buy rights to operate the internet’s .org suffix said Friday it will cap price hikes and create an advisory board with veto powers to ease concerns from the nonprofit community.

Ethos Capital has offered $1.1 billion to buy the Public Interest Registry, the nonprofit corporation that runs the databases containing more than 10 million .org names registered worldwide. Organizations ranging from the Girl Scouts of the USA and Consumer Reports to the American Bible Society have opposed the sale, warning of potential price gouging and censorship. California’s attorney general and four congressional members have also requested information to evaluate a deal’s potential impact to nonprofits.

For the rest of the story see:   https://apnews.com/78522ff9109c2e2c37eb63684b8c0bcb

Sam L

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