19 Apr '12, 7pm

Interesting: knew Network Solutions was leaving before it bought SnapNames

Company knew it would lose Network Solutions’ expired domain inventory when it bought SnapNames. Shortly after Oversee.net acquired expired domain platform SnapNames in 2007, Network Solutions pulled its inventory from the service in order to team up with Demand Media on competitor NameJet . A commonly held assumption is that Oversee.net had overlooked a change-in-control term (or underestimated the risk of it) when it did its due diligence on acquiring SnapNames. In fact, I gave Oversee.net’s due diligence team a “domain dunce ” award in 2009. But perhaps I should give myself a domain dunce award on this one. Because that assumption was wrong. In testimony related to the Monte Cahn lawsuit against Oversee.net, former Oversee CEO Jeff Kupietzky explains that Oversee.net was fully aware of Network Solutions exiting before it concluded the deal: Lawyer: Well, you’d already b...

Full article: http://domainnamewire.com/2012/04/19/oversee-snapnames-ne...

Tweets

@__cheonsanim i knew it LOL but which colour :D

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