Subscribe to RSS Feed

11|17|2010 07:12 pm EDT

Sex.com Sells for $13 million USD

by Frank Michlick in Categories: Domain Sales

Tags: , , , , ,

As Sedo and Escom just announced with a press release that Sex.com has just sold for $13 Million USD. The name was originally purchased in 2006 for a then record $11.5 million. The sale was brokered by Sedo’s Jeff Gabriel and the domain is now free and clear of all creditor liens.

See the full press release after the jump.

(more…)

07|01|2010 02:13 pm EDT

Sex.com for Sale via Sedo

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

Tags: , , , ,

The sex.com saga continues. Escom, LLC the holding company that owns the domain name went into foreclosure earlier this year. An auction for the domain name had been scheduled for March, but was stopped last-minute. As reported before on DNW, Sedo now confirmed that they are going to be the broker for the sale of the Sex.com domain name. Parties interested in buying the Sex.com domain should contact Sedo at consult@sedo.com.

Even though Mike Mann had conditionally offered to donate his portion of the domain to PETA, it appears that the IRS will not allow him to deduct the amount as a donation.

See the full press release after the jump.

(more…)

03|17|2010 11:41 pm EDT

Sex.com May Not Go to Auction Tomorrow, Involuntary Chapter 11 Filed

by Frank Michlick in Categories: Legal Issues

Tags: , , , , , , , , ,

According to Sedo and Mike Mann (as reported by Elliot Silver) the auction for Sex.com that is scheduled for tomorrow, may not take place after all. Both sources say that an Involuntary Chapter 11 was filed against Escom, LLC the company that owns the domain. The auction page now states that the auction has been postponed.

Involuntary Chapter 11 Petition Filed Against Escom, LLC – Owner of the Sex.com Domain Name

Woodland Hills, California – Creditors of Escom, LLC (“Escom”) today filed an involuntary Chapter 11 bankruptcy petition against Escom in the United States Bankruptcy Court for the Central District of California (San Fernando Valley Division).

Petitioners took this action to protect their interests and to maximize value for all other creditors and equity holders. The filing will stay the public auction foreclosure proceedings previously scheduled for March 18, 2010, which petitioners believe would have diminished the value of Escom’s assets.

For more information, please contact:

Lawrence Morrison, Esq.

Meister Seelig & Fein LLP

(212) 655-3582

lfm@msf-law.com

The sex.com saga continues.