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27 Feb 2015

With .APP, ICANN's auction piggy bank just got even bigger ICANN
ICANN
reports that Google paid over $25 million for .APP in the February 25 domain auction. They were willing to bid $30M, but it's a second bid auction so that was just enough to beat out whoever the second highest bidder was. The auction proceeds piggy bank just nearly doubled from $34M to about $59M dollars, and ICANN still has no idea what to do with it. Since there are still a lot more domain conflicts yet to be resolved, some for likely high bid names like .SEARCH and .WEB, it still seems possible that the final haul could be as much as $100M.

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  posted at: 16:15 :: permanent link to this entry :: 0 comments
Stable link is https://jl.ly/ICANN/59mil.html

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