VeriSign Inc. said on Monday it would maintain control of the lucrative ".com" Internet domain until 2012 in return for dropping an antitrust lawsuit against the nonprofit body that oversees the Internet's addressing system.
The agreement settles a long-running dispute between the Internet Corporation for Assigned Names and Numbers, or ICANN, and the most powerful company under its jurisdiction. The settlement comes at a time when ICANN is under attack from China, Iran and other countries that want more direct control over the domain-name system that guides traffic around the Internet.
VeriSign makes $6 per year from each of the 35 million .com domain names in use. It also controls the .net domain, which contains nearly 6 million names.
News source: Reuters
This is a few days out I know, but is an interesting topic considering the recent ICann controversy. - Shane Pitman