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CentralNic invests $1.5m in mystery gTLD applicant

Kevin Murphy, September 18, 2014, 15:58:21 (UTC), Domain Registries

Registry back-end provider CentralNic has stumped up $1.5 million to back a new gTLD applicant in a forthcoming private auction.

CentralNic CEO Ben Crawford declined to identify the beneficiary.

The company has also not disclosed what stake in the target company it will obtain if it wins the auction.

Here’s the entirety of the statement the company released to the market this afternoon:

CentralNic plc (AIM:CNIC), the internet platform business which derives revenues from the global sale of domain names, today announces that the Group intends to invest US$1.5 million in a Company which is in a contention set to acquire a new generic Top-Level Domain (“gTLD”). The funds will be placed into an escrow account, pending the resolution of the contention set, with the winning applicant expected to be resolved by a private auction within the next two weeks. The investment is contingent upon the Applicant Company successfully obtaining the rights to the gTLD by winning the auction. If the company is unsuccessful, the funds will be returned in full to CentralNic by the escrow agent.

Assuming CentralNic is investing in an existing registry services client, possible beneficiaries include Top Level Design, Fegistry, Merchant Law Group and XYZ.com.

These clients have more than 20 applications in contention right now, but not all of them could plausibly head to private auction soon.

Some have been blocked, some are in contention sets with applicants that do not participate in private auctions, and some strings have been applied for by more than one CentralNic client.

With those criteria in mind, one could possibly narrow down the target string to: .auto, .cafe, .chat, .design, .forum, .gay, .golf, .law, .news, .now, .realty, .school, .style or .sucks.

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Comments (3)

  1. Rubens Kuhl says:

    Probably not .gay, since there is CPE in progress for it, which will either eliminate the competition or drag the process for some time while DotGay appeals a losing decision.

  2. zack says:

    i would guess .law…I believe they are the back end for that one

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