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DONE! Ventures Reaches Settlement with NBC and Sedo Over

August 10, 2011Domain Sales, Domaining, Domainnamewire, done ventures, nbc, sedo, women.comComments Off on DONE! Ventures Reaches Settlement with NBC and Sedo Over

Settlement reached over failed seven figure domain name sale.

DONE! Ventures has reached a tentative settlement in a lawsuit it brought against NBC Universal and Sedo.

The lawsuit was over a failed purchase for and DONE! says that NBC accepted its offer of $1 million for the two domain names. But then-NBC Universal Chairman and CEO Jeff Zucker allegedly quashed the deal.

DONE! originally sued just NBC Universal to get it to go through with the deal, but later added Sedo to the suit for failing to enforce the purchase.

The suit was filed in California but recently Sedo won a transfer of the case to Massachusetts based on a “forum selection” clause in Sedo’s terms of service.

Depositions in the case were to begin this week.

No word yet on what the settlement is and if it will result in transferring the domain name to DONE!

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Related posts:

  1. Sedo Asks Court to Dismiss Lawsuit on Jurisdiction Claims
  2. Sedo Sued for $10 Million for Failing to Enforce Transaction with NBC Universal
  3. DONE! Ventures Sues NBC Universal Over Failed Deal at Sedo