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VeriSign Buys .tv

Posted by ryuzaki0 on from the throat-singers-need-not-apply dept.

Mike Damm writes: "As everyone is so worried about Microsoft these days, another monopoly is slipping through the cracks. VeriSign has paid the country of Tuvalu $45 million in cash for The .TV Corporation, as stated by this press release. Same great service, different obscure TLD!"

1 of 266 comments (clear)

  1. What about the country itself by Ryu2 · · Score: 5, Interesting

    I believe that one of the conditions that Tuvalu originally gave Verisign, Network Solutions, or whatever it was called back then, for the right to sell .tv names was that the Tuvalu govt would get some royalties to be put back towards developing Tuvalu's own Internet/IT infrastructure.

    Is this $45 million a one time lump sum, and is so, does this mean that Tuvalu itself has completely given up ownership of its domain (so if a Tuvalu company wanted to register, they'd have to go through Verisign like everyone else?)

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