06 Mar '15, 3pm

Minds + Machines pockets $1.68 from three more auction losses

Company gets cash for losing auctions. New top level domain name company Minds + Machines has added $1.68 million to its bank account after losing three more contention set auctions. The money primarily comes from losing .beauty and .soccer, both of which were resolved through a private auction. L’Oreal won the three-way race for .beauty and Donuts won the four company auction for .soccer. The company also received a $37,000 refund from ICANN for withdrawing its .app application. .App was resolved through an official ICANN auction, which means the losers don’t get to keep the proceeds. Minds + Machines has an interest in nine more domain names that still face contention of some sort. Email Learn more... Minds + Machines pockets another $4.4 million from losing new TLD auctions Minds + Machines gets .DDS, pockets millions from .store and .blog New TLD auction prices hitting...

Full article: http://domainnamewire.com/2015/03/06/minds-machines-tld-l...

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Donuts Wins Three Sports New gTLD’s; .Soccer Be...

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Petronas hit by staggering RM22bn asset impairm...

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Minds + Machines reports numbers, including $36...

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