TECH CRUNCH – July 1 - Sex.com, considered to be one of the world’s most
valuable domain names for obvious reasons, is up for sale at domain
broker Sedo along with two related USPTO trademark
registrations. Sex.com was sold to Escom in January 2006 for a reported
$14M price. As of February 18th, 2010, the domain name has been ordered
to be sold at a foreclosure auction. As of March 18th, 2010, in a last
minute twist to the story, the foreclosure auction looked likely to be
cancelled as creditors of Escom filed an involuntary Chapter 11
bankruptcy petition against the company in the United States Bankruptcy
Court for the Central District of California. This action was taken by
creditors to prevent a possible loss of value by selling the name as a
foreclosure auction. FULL ARTICLE @ TECH CRUNCH
