August 29, 2014
NEW YORK (AP) - The suitors for Sex.com have been put off for now.
An auction for the much-sought-after domain name was canceled Wednesday after three creditors filed a petition forcing the owner into bankruptcy.
Mike Mann, an investor with all three creditors says the petition was filed to stop the auction. The creditors have a combined $10.1 million claim.
Mann says selling the domain name at an auction was not going to enhance its value. Sex.com is considered one of the most expensive
domain names in Internet history.
Escom LLC paid a reported $12 to $14 million for it in 2006 but has been unable to pay the lender who backed the deal.
The opening bid for the auction was set at $1 million.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.