13 Aug '16, 1pm

Sens. Cruz; Lee & Duffy Ask DOJ to Review Whether To Extend Verisign Contract Over .Com Now

As background, Verisign has had exclusive control of the .com registry since acquiring Network Solutions on March 7, 2000 for $21 billion.[7] As part of this acquisition, Verisign obtained the exclusive right to control and profit from the operation of the .com registry, which Network Solutions had maintained since entering into a Cooperative Agreement with the United States Government in 1993.[8] Because of Verisign’s exclusive control of the .com registry—a responsibility that benefitted an arrangement between ICANN and the NTIA—American businesses and consumers with an interest in registering or renewing a .com domain name have had no meaningful competitive alternatives within the .com registry marketplace. In effect, Verisign’s government-approved control of the .com registry allows it to operate as a monopoly—a fact that has not gone unnoticed in the financial service...

Full article: http://www.thedomains.com/2016/08/13/sens-cruz-lee-duffy-...

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