Controversial sale of .org web domain blocked:
The controversial sale of the .org web domain - used by charities and non-profit organisations - has been set back after months of deliberation.
Public Internet Registry (PIR), which runs the .org domain, was sold in November to private equity firm Ethos Capital for a rumoured $1bn (£800m).
Critics warned that the new owner would try to run .org for profit, costing charities millions.
[...] The Internet Corporation for Assigned Names and Numbers (Icann) is the governing body for top-level domains such as .org and .com.
It declined to honour the transfer of PIR from the Internet Society to Ethos Capital on Thursday.
It said the block was "reasonable, and the right thing to do".
In a statement, it said Ethos Capital had "no meaningful plan to protect or serve the .org community".
The takeover would leave a debt of $360m, which PIR would be "forced to service" and "provide returns to its shareholders".
Also at:
ICANN blocks controversial sale of .org domain to a private equity firm
ICANN blocks proposal to let .org be sold to a for-profit group
Hurray, the .org TLD won't be sold off to a private company
(Score: 2) by sonamchauhan on Saturday May 02 2020, @03:00PM (2 children)
Thank God!
(Score: 1, Informative) by Anonymous Coward on Saturday May 02 2020, @06:11PM
God had nothing to do with it. He owns Ethos Capital stock.
(Score: 2) by jmichaelhudsondotnet on Monday May 04 2020, @06:06PM
modded up but I am not counting on any divine being to save us from things like ethos and thrive capital, or fix the internet.
In essence, that is also the problem, looking for someone else, a central authority, to just make things work so we do not have to think or design democratic systems to make decisions because it is difficult.