sex.com $11.4 million domain sale fails -- lawsuit

[GeorgeKGeorgeK is verified member.]

Just noticed this story via Google News:

http://www.philly.com/mld/inquirer/news/local/states/pennsylvania/12759624.htm

(if it asks you to register, go to http://news.google.com/ and search for sex.com -- clicking the story should get you in without registering)

According to the lawsuit, filed yesterday, Sex.com signed an $11.4 million deal last month with a Boston domain company to acquire the Internet address www.sex.com.

As part of the deal, Sex.com alleged that it made a $500,000 deposit to Web site broker Domain Name Acquisition Group L.L.C., the defendant in the case.

The civil complaint did not say why the deal fell apart but alleged that Domain Name engaged in "repeated untruths regarding the domain name Sex.Com, about other competing offers for the domain name Sex.Com, and various other material and relevant exaggerations and untruths."

$11.4 million would seem a bit low to me.

 

[Jason Benn]

I wouldn't mind making $11.4 million bucks.

 

[gatorgrad]

11.4 million dollars for arguably the most searched for keyword on the internet and a veritable gold mine of traffic, though I detest the morality of it, is an absolute bargain.

 

[Sarcle]

though I detest the morality of it

Yes, sex is so immoral. :-D

I, myself, wouldn't even think of selling for that amount.

 

[lawpal]

It seems highly unlikely that sex.com will ever be sold, and this report is likely some backhanded attempt to highjack the domain.

 

[sasquatch]

$11.4 million would seem a bit low to me.

"Asked how many millions he's worth, Kremen replies, "It depends on what the value of Sex.com is. Maybe it's worth about five million." (2003)

http://www.sdjewishjournal.com/stories/dec03_4.html

"Coveted domain names can be resold for huge sums. It is for example that sex.com, licensed for an annual fee of roughly 50 dollars (38 euros) a year, was worth about 10 million dollars." (23/03/2005)

http://www.eubusiness.com/Internet/050323172935.vq733yi6


"Only time will tell if this will finally be the last we will ever hear about the bizarre battle over Sex.com, estimated to be worth as much as $250 million." Source: LA Times (2001)

http://www.sedo.com/links/showhtml.php3?Id=165&tracked=&partnerid=&language=us