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By 21 October 2010 | Categories: news

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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.

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