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Breaking: NBC Transfers to Done! Ventures in Lawsuit Settlement

September 19, 2011benjamin padnos, Domaining, Domainnamewire, done ventures, nbc universal, Policy & Law, women.comComments Off on Breaking: NBC Transfers to Done! Ventures in Lawsuit Settlement

Busted seven figure domain name deal comes to resolution.

It looks like the end result of a legal battle over has ended with the transfer of the domain name to Done! Ventures.

Done! Ventures thought it had a deal to purchase and 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

© 2011.

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Related posts:

  1. DONE! Ventures Reaches Settlement with NBC and Sedo Over
  2. Depositions Begin in Case with Sedo and NBC Universal
  3. DONE! Ventures Sues NBC Universal Over Failed Deal at Sedo