Thursday, 21 October 2010

The internet domain has been sold for $13m

"The internet domain has been sold for $13m (£8.2m)
The domain was put up for auction in July 2010 when its former owner, Escom LLC, went bankrupt.
Clover Holdings, an obscure company registered on the Caribbean island of St Vincent, put in the highest bid for the domain.
The domain has changed hands several times and at one time was under the control of a conman who stole it from its original owner.
The sale will only be final if it wins approval from the bankruptcy court overseeing Escom LLC's affairs. The court will make that decision on 27 October."
Source:  BBC News, 21st October 2010

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