Monday, October 24, 2005

VeriSign to control ".com" domain until 2012

Andy Sullivan writes for Reuters:

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.

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