IDN Forums - Internationalized Domain Names  
Home | Advertise on idnforums | Premium Membership

Go Back   IDN Forums - Internationalized Domain Names > IDN Discussions > General Discussion

General Discussion Feel free to talk about anything and everything in this board.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 14th March 2010, 12:43 PM
Moderator
 
Join Date: Dec 2005
Posts: 7,864
iTrader: (60)
Rep Power: 2200
bwhhisc will become famous soon enoughbwhhisc will become famous soon enoughbwhhisc will become famous soon enoughbwhhisc will become famous soon enoughbwhhisc will become famous soon enoughbwhhisc will become famous soon enoughbwhhisc will become famous soon enoughbwhhisc will become famous soon enough
Sex for sale!

http://money.cnn.com/2010/03/09/tech...n=money_latest

Sex.com domain goes up for grabs
By Ben Rooney, staff reporter- March 9, 2010: 11:59 AM ET

NEW YORK (CNNMoney.com) -- Sex.com, one of the most valuable Internet domain names, will go up for auction next week after the previous owner defaulted on its debts.

Escom LLC paid a reported $14 million for the Web site in 2006. But the company failed to repay debt owed to DOM Partners LLC, the New Jersey-based lender that helped finance the deal.

As a result, sex.com will be sold "as is" in the equivalent of a foreclosure sale, according to a letter from DOM Partners' lawyers that was made public Tuesday. The auction is set for March 18 in New York, and bidders are required to appear with a certified check for $1 million to participate.

Richard Maltz, an auctioneer at Maltz Auctions who is overseeing the sale, said there has been a "good amount of interest" in sex.com. But he did not say how much the Web site could sell for.

"It is a very unique property," he said. "It will be an incredible opportunity for someone."

Indeed, sex.com generated $15,000 a day in revenue at one point, according to Charles Carreon, an attorney who wrote about the Web site's legal travails in his book "The Sex.com Chronicles."

By way of comparison, the domain name www.pizza.com reportedly sold for more than $2.5 million at an auction in 2008.

The sex.com saga
The auction is only the latest chapter in the turbulent history of sex.com, which includes allegations of theft and countless court cases.

Gary Kremen, the founder of Match.com, registered the domain name in 1994, according to a timeline of the events on the Web site of journalist Kieren McCarthy, who wrote a book about sex.com.

According to McCarthy's account, Kremen spent several years in court battling with "porn baron" Stephen Cohen, who was accused of stealing sex.com from him in 1995 by sending forged letters and e-mails.

In 2000, a court handed control of the domain name back to Kremen and ordered Cohen to pay $65 million to Kremen. Cohen subsequently appealed and the case was rejected by the Supreme Court in 2003.

Two years later, Cohen was arrested in Tijuana for failing to appear in court. He was released in 2007, according to published reports.

Kremen was the principal in the 2006 sale of the domain to Escom, although a news release at the time said he would remain as an adviser.

END ARTICLE
Reply With Quote
  #2 (permalink)  
Old 14th March 2010, 01:50 PM
clipper's Avatar
Senior Member
 
Join Date: Mar 2007
Location: The Office
Posts: 1,003
iTrader: (26)
Rep Power: 3110
clipper is a jewel in the roughclipper is a jewel in the roughclipper is a jewel in the roughclipper is a jewel in the roughclipper is a jewel in the roughclipper is a jewel in the roughclipper is a jewel in the roughclipper is a jewel in the roughclipper is a jewel in the roughclipper is a jewel in the roughclipper is a jewel in the rough
Re: Sex for sale!

This could be an earthquake.
Reply With Quote
  #3 (permalink)  
Old 18th March 2010, 12:17 AM
rofsjan's Avatar
Member
 
Join Date: May 2006
Location: The Netherlands
Posts: 335
iTrader: (4)
Rep Power: 579
rofsjan is an unknown quantity at this pointrofsjan is an unknown quantity at this pointrofsjan is an unknown quantity at this point
Re: Sex for sale!

From a press release:
Involuntary Chapter 11 Petition Filed Against Escom, LLC - Owner of the Sex.com Domain Name

Woodland Hills, California - Creditors of Escom, LLC ("Escom") today filed an involuntary Chapter 11 bankruptcy petition against Escom in the United States Bankruptcy Court for the Central District of California (San Fernando Valley Division).

Petitioners took this action to protect their interests and to maximize value for all other creditors and equity holders. The filing will stay the public auction foreclosure proceedings previously scheduled for March 18, 2010, which petitioners believe would have diminished the value of Escom's assets.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 09:00 AM.

Site Sponsors
Your ad here
buy t-shirt
מחיר הזהב

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.3.0
Copyright idnforums.com 2005

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54