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M+M raises $4.4m losing latest gTLD auctions

Kevin Murphy, December 3, 2014, 14:12:34 (UTC), Domain Registries

Minds + Machines made $4.4 million losing three recent new gTLD auctions, according to a company press release.

It’s withdrawn bids for .latino, .school and a third string it said it could not disclose due to the rules of the private auction.

M+M now says it has $45 million cash on hand.

So far, the company has withdrawn 31 new gTLD applications, almost half of its original 70. Not all of those were lost at auction.

It has 17 contested applications left and expects those contention sets to be resolved one way or the other by the end of June 2015.

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