NNN – No New News – 11/27/2019 – A private equity firm is buying all of the .org domains…
A private equity firm is buying all of the .org domains. Here’s what that means
Correction: A previous version of this story misstated Ethos Capital’s assets and for how long the CEOs of Ethos and PIR had been discussing the sale.New York CNN Business —
In a move that could shake up the internet, private equity firm Ethos Capital is buying the company that owns every .org domain on the web.
Ethos, which was founded in May 2019, is expected to close its deal toacquire the Public Interest Registry (PIR) during the first quarter of 2020. The sale price has not been released.
Now, nonprofits, which make up the majority of the .org domains, are panicking about the purchase, scampering to sign a petition spearheaded by the National Council of Nonprofits that calls for blocking the deal.https://85e5a616b4e192a90669834992451d16.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
There are currently some 10 million .org domains on the internet. The petition against the sale has 8,900 signatures and counting, including organizations such as the Girl Scouts of America and YMCA.
The petition signers are worried that this purchase could come with increases in domain prices and censorship, according to SaveDotOrg, a website run by NTEN, a community of nonprofit tech professionals….Read the rest at Cnn.com