Facebook to pay $74,812 for OnlineNic’s domain name portfolio – Domain Name Wire | Domain Name News

Fb consents to shop for OnlineNic’s owned and operated domain names to settle a part of a dispute.

Fb will quickly be the proud proprietor of hotwifecuckolds .com, magiksex .com, and masses of alternative domains these days owned by way of the area title registrar OnlineNic.

It’s a part of a deal to settle a dispute between Fb and OnlineNic and to pay the Particular Grasp who evaluated discovery problems in a lawsuit between the events.

Fb sued OnlineNic in 2019, alleging that both OnlineNIC or its consumers used domain names similar to www-facebook-login(.)com and login-lnstargram(.)com.

OnlineNic lately said that it will forestall protecting the case and was once within the technique of shutting down its trade.

However recommend for Fb changed into involved after they spotted that OnlineNic was once shifting one of the vital domain names it owned (no longer buyer domain names) to any other registrar. It requested the courtroom the freeze OnlineNic’s property and save you it from shifting the domain names.

OnlineNic mentioned that it was once shifting the domain names to any other registrar to promote them so it might lift money to pay the Particular Grasp within the lawsuit. It mentioned it had discovered a purchaser prepared to pay $70,000 for the approximately 700 domain names (pdf). That might be about sufficient to pay the Particular Grasp’s bill.

Fb’s recommend mentioned that looked like a low value for the portfolio and idea it was once no longer an arms-length transaction. Now, it’s hanging its cash the place its mouth is.

Fb and OnlineNic have struck a deal (pdf) wherein Fb can pay $74,812 to the Particular Grasp in go back for OnlineNic shifting the domains to the plaintiffs.

Fb’s recommend will then, probably, attempt to promote the domains. Along with the adult-themed domain names, the portfolio contains an collection of most commonly poor-quality domains. There are some just right names jumbled in, together with a handful of 4 letter .com domain names.

Area traders are mixed on how much the portfolio is worth.

OnlineNic may be agreeing to indemnify Fb for any third-party claims in regards to the domains. This time period is most probably inserted to offer protection to Fb from proudly owning docmartin.org and another domain names that may infringe logos.

The settlement is topic to courtroom approval. [Update: the judge approved it.]