the internet society

the internet society

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A regulatory body that oversees the address book of the internet has put the kibosh (at least for now) on a private equity firm's efforts to purchase control of all dot-org domains for more than $1 billion.

The Internet Corporation for Assigned Names and Numbers (ICANN) said late Thursday that its board had voted to reject the proposed change in ownership, which would have impacted 10.5 million registered domain names, including Farm Aid, The Sierra Club, Amnesty International, Girl Scouts of the USA, The Associated Press and ProPublica.

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A private equity firm that's trying to purchase control of all dot-org domains for more than $1 billion said Friday that it is planning to put in place legally-binding measures to address concerns and ongoing criticisms about the deal by lawmakers, nonprofits and activists.

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California Attorney General Xavier Becerra has stepped into the fight over whether a private equity firm should be allowed to purchase control of the registry for all dot-org internet domains in a deal that's worth more than $1 billion.

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