The suitors for Sex.com have been put off for now. An auction
for the much-sought-after domain name was cancelled on
Wednesday after three creditors filed a petition forcing the
owner into bankruptcy.
Mike Mann, an investor with all three creditors says the
petition was filed to stop the auction. The creditors have a
combined $10.1 million claim. Mann says selling the domain
name at an auction was not going to enhance its value.
Sex.com is considered one of the most expensive domain names
in Internet history.
Escom LLC paid a reported $12 to $14 million for it in 2006
but has been unable to pay the lender who backed the deal.
The opening bid for the auction was set at $1 million.
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