16 Aug '16, 9am

Donuts demands $22.5 million for .Web #domain name.

Company amends lawsuit against ICANN and demands “its share” of the proceeds. New top level domain company Donuts is continuing its battle with ICANN over .web, filing an amended complaint (pdf) in federal district court in California. Donuts is complaining that the auction for .web, which closed for $135 million, should not have gone forward because there was a change of control at applicant Nu Dot Co. The company suspected that another company was bankrolling Nu Dot Co’s application. It was right. At some point, Verisign struck an agreement with Nu Dot Co, which won the auction. Nu Dot Co plans to assign rights in .web to Verisign at some point in the future, pending ICANN’s approval. Donuts is miffed on a couple of counts. First, Nu Dot Co/Verisign decided to force the auction to an ICANN auction of last resort. This means that the proceeds go to an ICANN account that w...

Full article: https://domainnamewire.com/2016/08/08/donuts-demands-22-5...

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