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.
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.