Sex.com sale halted by bankruptcy

Creditor gets hot and bothered

The sale of what is claimed to be the most valuable domain on the Internet, sex.com, has been halted after a creditor forced the company owning it into bankruptcy.

Three companies, apparently under the control of one individual, filed a simultaneous bankruptcy petition against current owners, Escom LLC, citing total debts of just under $10.1 million (£6.6 million). Under Chapter 11 law, a judge will now have to decide the fate of the Escom's assets, including the sex.com domain.

The domain had been due to be auctioned in New York today, 18 March, with bidders required to prove they had at least $1 million to enter the fray.

Michael Mann, chairman of the three companies that filed the petition, was reported by a third-party source, Domain Name Wire, to have been planning the action all along.

"I am merely an investor who got completely railroaded by other investors with big guns, bad practices, and bad attitudes," Mann was quoted as saying to the title.

There is something about sex.com that refuses to lie down. As former Techworld writer Kieren McCarthy detailed in his definitive 2007 book on the subject, Sex.com, the domain's early Internet career was engulfed by a dispute between rightful owner, Gary Kremen, and would-be nemesis, Stephen Cohen, accused of stealing it from him in extraordinary circumstances.

Returned to Kremen after a lengthy legal battle, Escom LLC paid him $14 million for it in 2006, the second most money ever paid for an Internet domain. The domain will be sold on at some stage, but probably not for months at least.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags domain names

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John E. Dunn

Techworld
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?