The World-wide-web Company for Assigned Names and Figures (ICANN), the non-income group that oversees the internet’s area name method, has blocked a proposal to market the .org area to personal fairness business Ethos Money for much more than $one billion.
The .org area registry is run by the General public Curiosity Registry (PIR), a non-income subsidiary of World-wide-web Modern society, one more non-income. Ethos Money was proposing to invest in the PIR from the World-wide-web Modern society. Beneath the conditions of the offer, the PIR would have taken on $360 million in credit card debt to enable finance the transaction.
ICANN claimed the proposed offer would have constituted a essential change of control that converted a practical non-income entity into a for-income entity with new credit card debt and untested accountability steps.
ICANN claimed the proposal, which it been given past November, prompted sizeable general public backlash. It also cited