26 Feb '13, 3pm

TLDH receives up to $15 million in funding for a single new gTLD auction

TLDH receives up to $15 million in funding for a single new gTLD auction Tuesday, 26 February 2013 16:40 Domain News Tweet Share Top Level Domain Holdings Limited,also known as Mind + Machines,announced today that it has received up to $15 million in funding to support its participation in an auction in relation a specific gTLD application. You can read the press release after the jump : "The Board of Top Level Domain Holdings Limited announces that the Company has agreed a funding facility to support its participation in a prospective auction in relation to a specific contested gTLD application. The conditional funding will be provided solely in exchange for a perpetual share in the gross revenue generated by the gTLD string so funded ("Auction gTLD") should the Company be successful in the auction. Under the funding agreement, TLDH has the right to call up to US$10m, to ...

Full article: http://www.domainnews.com/en/tldh-receives-up-to-15-milli...

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