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Originally Posted by coconut
Actually the figure came to light earlier than the parliament debate...some time after the legal losses in the bid for newzealand.com, I was whoising this domain name and I noticed a recent change of ownership to a New Zealand government entity (from the previous Virtual Countries Inc. ownership).
I passed this info on to an astute reporter friend at Television New Zealand, along with some background info on domain names, and she investigated it and broke the news in a scoop on TVNZ.
IMO that was money well-spent for New Zealand, which now has an excellent website at newzealand.com (to which they also direct their country-reserved domain newzealand.travel to).
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Yes, agreed... $1mm for a country domain such as that?! That would be considered a sweet-heart deal now.