NBC Backs Out Of Women.com & Women.Net Sale – Gets Sued
June 5, No Comments - Author: Simon JohnsonIts been reported that NBC Universal (GE) is being sued by Done Ventures after the sale of women.com and women.net fell through.
A complaint was allegedly filed in Los Angeles Superior Court. Here are a couple of points of interest:
1. Sedo had been hired as a “domain name broker”.
2. The offer for both domains was allegedly accepted (both verbally and via email) for the price of $1M
3. NBC’s “Jeff Zucker has overruled the transaction” and the deal was off.
4. “Sedo…..had earned the commission that was due to them under the brokerage agreement….”
Obviously there are two sides to a story. Its going to be a very interesting case to watch.
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