Feeds

Sex.com auction delayed

Lawyers step in to block bargain sale

Security for virtualized datacentres

The auction of the controversial domain name sex.com has been delayed, after some of its owner's creditors stepped in with a bankruptcy claim.

The foreclosure sale had been due to go ahead in New York today, with a simultaneous online auction at ProxiBid.com, but the auction is now listed as “postponed”.

The law firm of Meister Seelig & Fein said in a press release that it has filed an involuntary Chapter 11 bankruptcy petition against sex.com's indebted current owner, Escom.

“Petitioners took this action to protect their interests and to maximize value for all other creditors and equity holders,” the firm said. The sale “would have diminished the value of Escom's assets”.

Domain investor Michael Mann, who said he is a creditor, said in an email: “[I]t has been delayed because the auction and sale process was flawed and illegal and a bankruptcy judge can protect it.”

It seems Escom's creditors were worried that a foreclosure auction was not the best place to sell off one of the internet's most valuable pieces of real estate.

Escom acquired the domain for a rumoured $14m in 2006. Sex.com has a storied past, and was the subject of a 2007 book by our own Kieren McCarthy. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.