"The sale of sex.com came about because of a board-room wrangle at the creditors administering Escom as it went into bankruptcy. It is thought about 12 different companies were bidding for control of the domain. The price is among the highest ever paid for a domain. In 2006 when Escom bought sex.com it is thought to have paid up to $14m for it. The highest price ever paid for a domain was $16m, which marketing firm QuinStreet paid for insure.com in 1999." | more
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