$1 billion deal to sell '.org' domain names has been blocked. - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.ICANN, the Internet Corp for Assigned Names and Numbers, announced that it had vetoed a controversial $1.1 billion deal passing control of domain names ending in .org to a private investment firm.

It also attracted critics like California's Attorney General Xavier Becerra, who cited a lack of transparency around Ethos Capital as a concern. SAN FRANCISCO -- A body overseeing web addresses said it has vetoed a $1.1 billion deal to sell control of domain names ending in .org to a private investment firm after an outcry from internet pioneers and officials including California's attorney general.

In particular, it cited concerns that there would be a drive to reward Ethos stockholders while repaying $300 million in debt taken on during the transaction. ICANN said it conducted due diligence into the deal after questions about Ethos' ties to former ICANN officials.

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Oil and gas companies set to lose $1 trillion in revenues this yearThe energy sector is shrinking so dramatically that it's become the second-smallest group in the whole S&P index. Only cure for Low Prices is Low Prices. It is going to hurt, tho. Don’t care. They can dig into all the profit from years of doing so well. I guess we won’t be able to produce the gas guzzlers Trump wants after all.
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