After months of pondering, the concerns of the stakeholders spoke louder and the business for purchasing the .org domain was rejected. Ethos Capital, a private company, had proposed more than $ 1 billion for the domain representing millions of non-governmental and non-profit organizations. The decision by ICANN (Internet Corporation for Assigned Names and Numbers) was revealed in a message on its blog, stating that preventing the transfer of the domain was the most sensible and sure thing to do.
After the disagreements between the stakeholders, as transparently as possible, the ICANN board denied Ethos Capital's proposal to transfer the Internet Society's Public Interest Registry (PIR) to the private context. ICANN had until today, May 4, to make the decision, of the eventual deal, which includes the transfer of the non-profit entity's .org domain portfolio to a company with commercial plans for it.
The .org domain is considered to be the most important commercial infrastructure of a free internet and its business has never been viewed favorably by all NGOs, which have carried out movements and petitions against the purchase of the domain. Even so, Ethos Capital had presented several initiatives to guarantee a strengthened future for .org, among them voluntary measures that went against public interests. Among them a fund of 10 million dollars to support the .org community.
Before making the decision to reject the proposal, ICANN claims to have carefully examined the proposals submitted, having conducted a diligent investigation, including hundreds of pages of documents submitted by PIR, ISOC and Ethos Capital. But also from the .org community and other entities of public interest in the PIR. A letter sent by the California Attorney General's office on April 15 was also analyzed.
In view of the more than 10.5 million registered domains in the community, ICANN management felt that .org's public interest is best served while free from corporate interests. However, the institution says it is necessary to reverse the PIR's 360 million dollar debt process back to shareholders. In this sense, PIR needs to change its corporate form to seek new business initiatives.