850K RegisterFly Domains Moved To GoDaddy
miller60 writes "The long-suffering customers of RegisterFly should soon be able to manage their names again after ICANN arranged for the transfer of its 850,000 domains to GoDaddy.com. ICANN terminated RegisterFly's accreditation back in March but it took a court order to pry the domains loose so they could be transferred to another registrar. For those just joining the story (see earlier discussions on Slashdot), RegisterFly is the New Jersey domain registrar that collapsed amid management chaos in February, leaving most customers unable to manage, renew, or transfer their domains. ICANN, which was widely criticized for its inability to do more for RegisterFly customers, expressed relief at the saga's apparent conclusion."
Because GoDaddy offered a wad of cash to Registerfly to buy their customers. (ICANN called it a "commercial transaction") Registerfly gets the cash they need to pay court fees, GoDaddy gets thousands of new customers (lots of revenue potential from renewals and add-ons), and registerfly customers get control of their domains back. A win-win-win deal, more or less.
How about you pay more then $3/month if you want reliable hosting, eh? You get what you pay for.