Internet address sex.com attracts 13-million-dollar bid

Oct 21, 2010
A man uses a laptop computer at a wireless cafe. An offshore holding company is out to have its way with sex.com for 13 million dollars. Clover Holdings Limited, based on the Caribbean island of St. Vincent, made the top offer for the hot Sex.com Internet domain name that Escom LLC is being forced to sell due to bankruptcy, according to court documents.

An offshore holding company is out to have its way with sex.com for 13 million dollars. Clover Holdings Limited, based on the Caribbean island of St. Vincent, made the top offer for the hot Sex.com Internet domain name that Escom LLC is being forced to sell due to bankruptcy, according to court documents.

Attorneys representing Escom are asking a California bankruptcy court to approve Clover as the winning bidder and clear the way for the Sex.com deal to be consummated and domain-name trading platform Sedo to get its commissions.

"The proposed sale to buyer was the product of arms-length, good faith negotiations in which the debtor bargained for maximum possible purchase price for the assets," Escom attorney Jeffrey Dulberg wrote in a court filing.

"The negotiations involved substantial time and effort by the parties... and (the agreement) reflects given-and-take and compromises by both sides."

The world's "most valuable" Internet domain name, sex.com, went up for grabs in July of this year after US-based Escom filed for bankruptcy.

Escom is reported to have bought the domain name for from 12 million to 14 million dollars in 2006.

Sedo, which bills itself as the world's biggest trading platform for , has said the sex.com sale "offers the new owner a unique opportunity to become market leader."

There were a dozen bidders vying to get sex.com, according to court paperwork online Wednesday.

Little information about Clover was included in court documents.

Lawyers argued in the filing that "time is of the essence" and asked for a hearing to approve the sex.com sale by October 27.

Explore further: Study: Social media users shy away from opinions

add to favorites email to friend print save as pdf

Related Stories

Sex.com domain name on sale

Jul 01, 2010

The world's "most valuable" Internet domain name, sex.com, went up for grabs on Thursday having fetched 12 million dollars in 2006, a German firm handling the sale said Thursday.

Fallen star SGI to sell most assets for $25M

Apr 01, 2009

(AP) -- Silicon Graphics Inc. will sell the remaining shreds of its fraying franchise to Rackable Systems Inc. for $25 million, punctuating the downfall of a former high-tech star that once dazzled investors and customers ...

Domain registry on the rise

Apr 27, 2006

Internet domain names may become as ubiquitous as Social Security numbers one day, according to Dotster Inc.

Recommended for you

Study: Social media users shy away from opinions

Aug 26, 2014

People on Facebook and Twitter say they are less likely to share their opinions on hot-button issues, even when they are offline, according to a surprising new survey by the Pew Research Center.

US warns shops to watch for customer data hacking

Aug 23, 2014

The US Department of Homeland Security on Friday warned businesses to watch for hackers targeting customer data with malicious computer code like that used against retail giant Target.

Fitbit to Schumer: We don't sell personal data

Aug 22, 2014

The maker of a popular line of wearable fitness-tracking devices says it has never sold personal data to advertisers, contrary to concerns raised by U.S. Sen. Charles Schumer.

Should you be worried about paid editors on Wikipedia?

Aug 22, 2014

Whether you trust it or ignore it, Wikipedia is one of the most popular websites in the world and accessed by millions of people every day. So would you trust it any more (or even less) if you knew people ...

Philippines makes arrests in online extortion ring

Aug 22, 2014

Philippine police have arrested eight suspected members of an online syndicate accused of blackmailing more than 1,000 Hong Kong and Singapore residents after luring them into exposing themselves in front of webcam, an official ...

User comments : 0