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.
Every struggle you had in your life shaped you into the person you are today. Be thankful for the hard times they can only make you stronger
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »