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May 1, 2020 08:40 am GMT

Private equity firm won't get to control the .org domain after all

Private equity firm won't get to control the .org domain after all

Remember last year when it looked like a private equity firm would gain control of .org domain registration, making non-profits fear fees would skyrocket? Yeah, that's not happening anymore.

In a Tuesday blog post, Internet Corporation for Assigned Names and Numbers (ICANN) board chair Maarten Botterman announced it was rejecting the sale of non-profit .org registry Public Interest Registry (PIR) to private equity firm Ethos Capital.

"After completing its evaluation, the ICANN Board finds that the public interest is better served in withholding consent as a result of various factors that create unacceptable uncertainty over the future of the third largest [generic top-level domain] registry," wrote Botterman. Read more...

More about Nonprofits, Domain, Icann, Nonprofit, and Domain Names

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/WRuuqfOfP6k/

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