DONE! Ventures Suing NBC Over Domain Name Sale
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
NBC Universal is being hit with a lawsuit because of a domain name sale that went wrong. DONE! Ventures CEO Ben Padnos claims that NBC accepted an offer to sell Women.com and Women.net for $1 million. However NBC President and CEO Jeff Zucker blocked the transaction even after an agreement was reached.
DONE! Ventures is a Manhattan Beach, California based Internet marketing firm that filed the complaint at the Los Angeles Superior Court on June 3. DONE! is claiming breach of contract. NBC signed an agreement with Sedo.com to sell each domain name for $600,000. DONE! made an offer for $1 million and NBC Universal accepted it. [TechCrunch]