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Old 07-29-2016, 04:13 PM  
Barry-xlovecam
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Verisign pays $130 Million for new gTLD .web?

WOW .web -- $130 Million paid by the successful applicant.
We walked away with a steal with .cam ;)

Someone (cough, cough VeriSign) just gave ICANN $135m for the rights to .web {} The Register
Quote:
Industry speculation is that the owner of the dot-com registry, Verisign, is secretly behind Nu Dot Co and plans to purchase .web in order to remove what could be a serious competitor to its dot-com crown.

Earlier this week, in paperwork submitted to US financial watchdogs, VeriSign declared it will "pay approximately $130.0 million for the future assignment of contractual rights, which are subject to third-party consent. The payment is expected to occur during the third quarter of 2016."

That suggests VeriSign coughed up $130m for .web, and Nu Dot Co added $5m to retain a stake.

Another slated possibility is that publicly listed company Neustar – which previously bought the .co top-level registry from the Nu Dot Co executive team – is behind the company.

Whoever bought .web will be listed on this ICANN page, when the DNS overseer gets round to updating it.
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