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10|26|2010 02:26 pm EDT

Oversee Settles “Halvarez” Class Action and Nelson Brady Suit

by Adam Strong in Categories: Legal Issues

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The class action case Resmer vs. SnapNames.com has been settled. Under the terms of the settlement, the class members will be given the same rebates that were issued by Oversee last November. The rebate offer has been extended to all class members until December 17, 2010. More details can be found at the website www.snapsettlement.com

I think you could call this the best news Oversee could have received on this class action. Clearly, the company handled the clean up well early on by issuing these rebates to all affected customers.  If they hadn’t there may have been a more enticing settlement for these class action members.

The company also has settled their case with Nelson Brady, aka Halvarez, but terms of this settlement were not provided.

Oversee.net press release can be seen after the jump (more…)

10|25|2010 03:07 pm EDT

GoDaddy Business Auction Cancelled

by Frank Michlick in Categories: Registrars

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As WSJ reports, the private auction for domain registrar and hosting company GoDaddy was broken off last week while some potential buyers were performing due diligence.

Potential bidders, including private-equity firms General Atlantic and TPG, were called last week and told the auction was off, the people said, leaving the interested parties hanging in the middle of due diligence. General Atlantic, which owns GoDaddy.com’s smaller competitor, Network Solutions, may have partnered with a couple of other buyout shops to make an offer, one of the people said. Now those efforts are over

The bidders in the second round of the auction were well enough equipped to meet GoDaddy’s asking price tag of 1.5 to 2 Billion USD. None of the bidders was informed as to the reasons why the auction was pulled.

Editor’s Note: The pulling of the auction seems similar to the withdrawal of the IPO the company in 2006.

[via Wall Street Journal]

10|22|2010 07:14 am EDT

Key-Systems named “Fast 50″ by Deloitte Technology

by Frank Michlick in Categories: Registrars, Up to the Minute

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Deloitte Technology names German Registrar Key-Systems once more one of the “Fast 50″ in 2010. This year the company ranks 23rd after having achieved rank 9 in 2008 and rank 22 in 2009. The award ceremony was held two days ago in Berlin, Germany.

The Deloitte Technology Fast 50 program honors business growth, technological innovation and entrepreneurial spirit by geographic region. It grew out of a program initiated in the United States in 1995. In the USA and more recently in Europe, the Fast 50 program has expanded into the Fast 500 and is a recognized benchmark of success in the technology industry. In Germany, Technology Fast 50 took place for the 8th time in 2010. Deloitte determines the front-runners of the technology business in Germany by identifying companies’ cumulative growth over the last five years.

[via Press Release]

10|21|2010 05:14 pm EDT

Bible.com Not Making enough Money According to Investor

by Frank Michlick in Categories: Legal Issues

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As Reuters reports, James Solakian, an investor in Bible.com, Inc. is suing the company’s board members for lack of Profit. Solakian acquired 28 percent of the shares in 2001 as a settlement for a business debt of $400,000. A fight over the control of the company has been ongoing since then, resulting is a suspension of development of the site.

The domain name was originally registered by Roy Spencer “Bud” Miller, an Arizona minister in 1995. Soon after he already found himself turning down offers of $100,00, but Miller refused saying that “he was entrusted to run the site for a sacred purpose”. He then,together with his wife, brought in a marketing company to help them develop the site. They formed Bible.com Inc. and raised money by issuing stock.

Bible.com currently features a crowded mix of advertisements as well as a verse of the day — “Do not follow the crowd in doing wrong” — and offers links for Biblical answers to questions on voting and masturbation.

[via Reuters]

10|21|2010 01:11 am EDT

Zoom.com And Trademark Rights Sold for $344,800 in Equity

by Frank Michlick in Categories: Domain Sales, Up to the Minute

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According to this press release, modem manufacturer Zoom Telephonics sold the domain name Zoom.com and related trademark assets for the equivalent of $344,800 in Equity to Zoom Technologies Inc. (NASDAQ: ZOOM). The seller received 80,000 shares in the buying company as compensation and is given the right to divest these shares over the course of 15 months after signing.

Zoom Technologies will assume all rights to the zoom.com domain name after a 4 month transition period. During the transition period both companies will share the zoom.com home page, and a single click will transfer someone to the home page of either Zoom Telephonics or Zoom Technologies. The companies have agreed to cooperate in order to affect a smooth transition of email addresses.

[Thank you George]

10|20|2010 01:33 pm EDT

Sex.com set to sell for $13MM USD

by Frank Michlick in Categories: Domain Sales, Up to the Minute

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According to The Register, the domain name Sex.com has sold for $13 million USD to “Clover Holdings”, which put forward the highest bid amongst the 12 bidders. The buyer is “based on the Caribbean island of Saint Vincent, and the email address listed in court documents is @hushmail.com, the privacy-conscious webmail service“.

The deal [ed. brokered by Sedo] is subject to bankruptcy court approval. Escom sought a hearing on an accelerated timetable, which was granted yesterday. The hearing will be held next Wednesday, 27 October.

Should the deal fall through the domain name may still go to public auction.

[via The Register]

10|20|2010 01:28 pm EDT

Afternic Bi-Weekly Domain Sales

by Frank Michlick in Categories: Domain Sales

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Afternic has just sent DNN their selection of domains sold on their platform over the course of the last two weeks. The top 3 sales are LargeMouth.com for $15,000, PainPatch.com for $14,850 and nmti.com for $12,000.

See the full list of reported sales after the jump.

(more…)

10|20|2010 07:36 am EDT

Sedo Sells Cursos.com for $150,000 USD

by Frank Michlick in Categories: Domain Sales

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Sedo’s weekly Sales List Published

Sedo has provided us with their list of selected domain sales via their platform over the course of the preceding week. Highlights include cursos.com (courses in Spanish) leading .COM sales at 150,000 USD, rep.ly leading ccTLDs at 15,000 GBP (appx. $23,500 USD), and onlinekredit.org (online credit in German) leading the other category at 26,000 EUR. (appx. $35750 USD).

It is interesting to note that the purchase of rep.ly is dated after the recent seizure of the vb.ly domain name by the Libyan government.

See the full list after the jump

(more…)

10|19|2010 04:00 pm EDT

Targeted TRAFFIC South Beach 2010 Live Auction Results

by Frank Michlick in Categories: Domain Auction

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We were to live blogging the auction results of the Targeted TRAFFIC 2010 Live domain auction held in South Beach Florida today by Latonas.com. As always we do not guarantee the accuracy of these results.

According to our tracking, the auction sold 49 names out of 219 for a total of $495,900 USD. The top sales were Shock.com for $200,000 USD, BVI.com & BVI.co for $110,000 and Idle.com for $20,000.

Thanks to Chris of DomainCocoon for the help.
Please see the full unofficial results after the jump.

(more…)

10|15|2010 06:25 pm EDT

Law Firm Becomes ICANN Accredited Registrar

by Frank Michlick in Categories: Registrars, Up to the Minute

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[Ed. Updated – Hagon Lovells is not the first law firm to gain an ICANN accreditation]

According to a post by World Trademark Review Hogan Lovells is the first law firm to obtain an ICANN Accreditation, however Ladas actually was accredited much earlier. The company intends the new registrar to help their clients register domain names, for example in the sunrise periods for new TLDs.

DNN was not yet able to locate the company’s public registrar site required website, as their link on the ICANN website points to a login screen hosted on Anchovy.com.

[via WTR]