|November 20, 2010|
World’s most expensive website ‘Sex.com’ sells for $13 million!
New York:The world’s most expensive website ‘Sex.com’ has been sold for a whopping 13 million dollars – that’s how much Clover
Holdings LTD paid for the rights. Previous owner Escom LLC was forced to sell after mounting debts put the company in the red. "To our knowledge, this sale
represents the single largest recorded price paid for a domain name in the history
of the Internet," the New York Daily News quoted Sedo senior domain broker Jeffrey
Gabriel as saying in an official release. Sex.com was originally registered with
Networks Solutions in May 1994 by businessman Gary Kremen, who went on to make
a fortune in the burgeoning Internet industry by claiming the rights to numerous
domain names, including Match.com and Housing.com. However, when Stephen M. Cohen
illegally obtained the rights to the domain by submitting forged letters, fake
faxes and fraudulent emails to Networks Solutions, ownership disputes began. The
ensuing legal battle led the California District Court to award $65 million in
damages to Kremen, as well as issue an arrest warrant for Cohen.
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