You are in: HOME > News
PREVIOUS ARTICLENEXT ARTICLE
NEWS
By 21 October 2010 | Categories: news

0
COMMENT

Related Articles

0
 comments
0
 comments
0
 comments

The infamous sex.com Internet domain is once again up for sale due to the bankruptcy of current owners Escom LLC.

 
A company based on the Caribbean island of St. Vincent has reportedly submitted a bid to purchase the domain for a staggering $13 million (roughly R91 million). Attorneys representing Escom are now requesting a California court to approve Clover as the winning bidder so that the sale can move forward. 
 
"The proposed sale to buyer was the product of arms-length, good faith negotiations in which the debtor bargained for maximum possible purchase price for the assets," Escom attorney Jeffrey Dulberg wrote in a court filing.
 
“The negotiations involved substantial time and effort by the parties and (the agreement) reflects given-and-take and compromises by both sides."
 
Escom is reported to have purchased the domain, which is widely recognised as one of the most valuable on the Internet, in 2007 for between $12 and $14 million but was forced to sell it in July due to bankruptcy.

TAGS: 
sex.comdomain

USER COMMENTS

Most Read Articles

Read
Magazine Online
TechSmart.co.za is South Africa's leading magazine for tech product reviews, tech news, videos, tech specs and gadgets.
Start reading now >
Download latest issue

Have Your Say

What new tech or developments are you most anticipating this year?
New smartphone announcements (44 votes)
Technological breakthroughs (28 votes)
Launch of new consoles, or notebooks (14 votes)
Innovative Artificial Intelligence solutions (28 votes)
Biotechnology or medical advancements (21 votes)
Better business applications (132 votes)