Breaking: NBC Transfers Women.com to Done! Ventures in Lawsuit Settlement
Monday, September 19th, 2011
Busted seven figure domain name deal comes to resolution.
It looks like the end result of a legal battle over Women.com has ended with the transfer of the domain name to Done! Ventures.
Done! Ventures thought it had a deal to purchase Women.com and Women.net from NBC Universal for $1 million last year. But then NBC allegedly backed out when its then President & CEO Jeff Zucker apparently vetoed the deal.
Done sued NBC to get it to go through with the sale. It later sued domain name broker Sedo for $10 million for allegedly failing to enforce the deal.
Right as depositions in the lawsuit were to begin, the two parties struck a settlement.
Although the terms of the settlement haven’t been released, the domain names just transferred to Done! Ventures’ founder Benjamin Padnos today.
NBC acquired the domain names when it bought iVillage.com.
Tags: benjamin padnos, done ventures, nbc universal, women.com
Congratz to Ben for gaining control of a phenomenal domain name… will be interesting to see which direction he takes it
Thanks Andrew for the update.
Women.com is great domain name and worth much more than $1 million.
Congrats to Ben! Nice win for him on a great domain.
funny how companies seem to think they can do whatever they want.
Now that lawyers have become cheaper more people will be telling them to stick it.
But they found a better way. Just go steal the taxpayers money.