27 Feb '15, 5am

ICANN : Results Available for 25 February 2015 New gTLD Program Auction - Domain Name News, The...

Applicants for the string were unable to resolve contention among themselves; thus their contention set proceeded to auction, which is the method of last resort to resolve string contention as prescribed in Module 4 of the New gTLD Program Applicant Guidebook. Subject to payment of the winning price and meeting all other criteria for eligibility, the winner will enter ICANN's contracting process to sign a Registry Agreement to operate the gTLD. Twelve applicants participated in the auction for APP. Charleston Road Registry Inc. prevailed with a winning price of $25,001,000. All proceeds from the Auction are being segregated and withheld from use until ICANN's Board of Directors define a plan for an appropriate use of the funds through consultation with the community. More Information Contention Set Status: 178 of 233 contention sets are now resolved. While a majority have ...

Full article: http://www.domainnews.com/icann-results-available-for-25-...

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