Just a little heads up from dotTV Corp. Tuvalu didn't sell out for $50 mil over ten years, that is merely the initial LICENSING fee for the domain. Furthermore, Tuvalu is a substantial equity holder in the Corp., so they really have not gotten a bad deal at all. Best case, they get paid cash up front and have equity to boot. As a side note, they had lawyers when they negotiated this one, so no one was 'taken advantage' of them; they were properly advised and made an educated decision. Furthermore, I think everyone in this little bulletin frenzy is not giving the people of Tuvalu enough credit. They understand the resource they have, they were unable to capitalize on it with their current resources, so they went to the outside for assistance.
Slashdot Mirror
Just a little heads up from dotTV Corp. Tuvalu didn't sell out for $50 mil over ten years, that is merely the initial LICENSING fee for the domain. Furthermore, Tuvalu is a substantial equity holder in the Corp., so they really have not gotten a bad deal at all. Best case, they get paid cash up front and have equity to boot. As a side note, they had lawyers when they negotiated this one, so no one was 'taken advantage' of them; they were properly advised and made an educated decision. Furthermore, I think everyone in this little bulletin frenzy is not giving the people of Tuvalu enough credit. They understand the resource they have, they were unable to capitalize on it with their current resources, so they went to the outside for assistance.
Unfortunately, we have taken steps to limit our liability on this one. Sorry to spoil your fun... -The dotTV Corp.