Monday, October 24, 2005

ICANN Announces Settlement With VeriSign

An AP newswire article, via The Washington Post, reports that:

The Internet's key oversight agency said Monday it had tentatively agreed to settle a longstanding dispute with VeriSign Inc., a private company that runs much of the Internet's core.

The dispute stemmed in part from the Internet Corporation for Assigned Names and Numbers' attempt to pressure VeriSign into suspending a controversial search service it created in late 2003 for guiding Internet users who mistype Web addresses.

VeriSign agreed, but responded soon thereafter by suing ICANN first in federal court then in state court after a judge dismissed antitrust charges.

ICANN's board on Monday unanimously endorsed sending the proposed settlement to the Internet community for public comment. Any settlement needs final approval by the board.

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