Ethos, the private equity firm owned by Republican billionaires that is trying to buy the rights to operate the internet’s .org domain range, said on Friday it will cap price hikes, and will agree to create an advisory board with veto powers to partly address some of the concerns of the nonprofit community. Read the rest
Some activists must have been heard, California's Attorney General has delayed the transaction wherein a private equity firm is buying the .ORG tld, seeking more information.
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California Attorney General Xavier Becerra sent a letter to the Internet Corporation for Assigned Names and Numbers (ICANN) demanding more information about the private equity takeover of the .org domain registry. The attorney general is seeking answers to 35 questions concerning the sale as well as documents sent between ICANN, private equity firm Ethos Capital, and Public Interest Registry (PIR), which manages the .org domain.
Ethos Capital disclosed last year that it was acquiring PIR from its non-profit parent organization, the Internet Society, for $1.135 billion.
ICANN, the non-profit organization that oversees domain names, disclosed the letter on its website along with its own correspondence with PIR, informing it of the development. Previously, ICANN had until Feb. 17 to approve or deny the sale. According to ICANN, as a result of the California AG’s letter, it’s seeking to delay this deadline until April 20.
The disgraceful, shady plan to sell control over the .ORG domains to a private equity fund controlled by Republican billionaires is on the ropes, with tens of thousands of people and thousands of .org registrants having signed a petition calling for a halt to the deal. This Friday, we're converging on the ICANN offices in Playa Vista to deliver that petition. I'll be there. Will you?
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