The settlement is likely to raise the price of domain names though impact on users will be minimal.
By Priya Ganapati
October 25, 2005
VeriSign has agreed to settle a dispute with the Internet’s oversight agency that will allow the domain registrar and security company to retain its control over the .com and .net registry till 2012.
VeriSign sued the Internet Corporation for Assigned Names and Numbers in 2004, alleging the non-profit was interfering with the company’s ability to do business.
The settlement, announced late Monday, is also expected to increase prices of the .com domain lease by 7 percent and add at least $40 million in revenue for VeriSign in 2007, analysts said.
More at Red Herring Online
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