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According to documents filed in a California court this week, Escom LLC, the former owner of the website sex.com, has reached an agreement to hand over the domain's keys (and handcuffs) to Clover Holdings Ltd. -- a mysterious company based in the Caribbean. The final price? $13 million. This isn't the first time, of course, that the domain name has changed hands. Match.com founder Gary Kremen originally claimed the name in 1994, but conman Stephen M. Cohen wrested control away from him in 1996. A lengthy legal battle ensued, and Cohen was eventually forced to pay $65 million in damages. (At one point, though, he reportedly was earning $500,000 per day from the site's advertisements alone.)
As the Register points out, though, Escom originally purchased the domain in 2006 for somewhere between $12 million and $14 million -- meaning that it probably saw little profit, if any, from the exchange. Considering that the California-based company recently filed for bankruptcy, though, it'll probably appreciate any extra pocket change it can get.
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Comments
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Subscribe to commentsAeronOct 25th 2010 3:26AM
Ah, to be 14 again... first thing I did when I got online for the very first time: microsoft.com, nintendo.com, sex.com "What are you doing?" "Nothing!"