ICANN backtracks on controversial .org sale to private equity firm

ICANN said it wouldn’t approve the sale of .org operator Public Interest Registry (PIR) because it would create "unacceptable uncertainty" for the domain, citing concerns about debt and the intentions of the for-profit private equity firm. Even though Ethos Capital did say they would not raise prices to an unreasonable level

ICANN eventually listened to the 871 organizations and 27,051 people opposed the sale, urging it not to support the sale of Public Interest Registry, which runs .ORG, to private equity firm Ethos Capital. The proposed buyout was an attempt by domain name industry insiders to profit off of thousands of nonprofits and NGOs around the world.

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