DONE! Ventures Suing NBC Over Domain Name Sale

Posted Jun 5, 2010

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 and 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 to sell each domain name for $600,000. DONE! made an offer for $1 million and NBC Universal accepted it. [TechCrunch]