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Breaking: NBC Transfers Women.com 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 Women.com 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 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.


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Related posts:

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

DONE! Ventures Reaches Settlement with NBC and Sedo Over Women.com

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

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 Women.com and Women.net. 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 Women.com Lawsuit on Jurisdiction Claims
  2. Sedo Sued for $10 Million for Failing to Enforce Women.com Transaction with NBC Universal
  3. DONE! Ventures Sues NBC Universal Over Failed Women.com Deal at Sedo

Sedo Sued for $10 Million for Failing to Enforce Women.com Transaction with NBC Universal

May 17, 2011ben padnos, Domain Sales, Domaining, Domainnamewire, done ventures, nbc universal, sedo, women.comComments Off on Sedo Sued for $10 Million for Failing to Enforce Women.com Transaction with NBC Universal

Domain broker added to suit over failed Women.com transaction.

DONE! Ventures has added domain name broker Sedo to its lawsuit over a failed transaction for Women.com.

DONE! sued NBC Universal last year after it alleged the media giant failed to follow through with a transaction to sell Women.com and Women.net for $1 million. According to the suit, NBC Universal’s CEO at the time Jeff Zucker vetoed the deal after it had been agreed to. Sedo broker Jeff Gabriel managed the deal.

Now, apparently frustrated at lack of support from Sedo to enforce the deal, DONE! founder Ben Padnos has added Sedo to the suit (pdf).

“Sedo told us we had a deal,” Padnos said. “There’s no confusion around ‘Congratulations, the offer has been accepted’, as they told me on May 24, 2010.”

However, NBC has argued in court that they never authorized Sedo to bind the transaction. While that may be debatable, it appears Padnos found it necessary to add Sedo to the suit to add some firepower.

Padnos claims in the amended suit that he’s been damaged in excess of $10 million. In addition to asking for at least that much in damages, he still wants the transaction enforced — which was all he asked for in his original suit against NBC.


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Related posts:

  1. Judge Sets Trial Date In Women.com Case
  2. DONE! Ventures Sues NBC Universal Over Failed Women.com Deal at Sedo
  3. DONE! Ventures Calls B.S. on NBC Over Women.com Deal

Judge Sets Trial Date In Women.com Case

March 7, 2011Domaining, Domainnamewire, done ventures, nbc universal, Uncategorized, women.comComments Off on Judge Sets Trial Date In Women.com Case

Judge plans on December trial over failed domain name transaction.

U.S. District Judge James Otero has set a December 13 jury trial date in Done! Ventures, LLC v. General Electric Company, et al.

The case pits a small California company run by Ben Padnos against NBC Universal over a failed transaction involving Women.com.

Padnos says that NBC agreed to sell him Women.com and Women.net for $1 million and has documentation from broker Sedo to prove it. But the documentation shows that NBC Universal CEO (at the time) Jeff Zucker allegedly personally vetoed the deal after a price was agreed upon.

NBC argues that a contract was never entered into.

It’s rare that a case like this ever makes it to trial. Expect a settlement along the way.


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Related posts:

  1. Judge Issues Rulings in Lawsuit Over Women.com
  2. DONE! Ventures Calls B.S. on NBC Over Women.com Deal
  3. DONE! Ventures Sues NBC Universal Over Failed Women.com Deal at Sedo

Judge Issues Rulings in Lawsuit Over Women.com

January 23, 2011Domaining, Domainnamewire, nbc universal, Policy & Law, women.comComments Off on Judge Issues Rulings in Lawsuit Over Women.com

Both sides in case have something to be happy (and upset) about after judge issues rulings on motions.

A federal district judge has denied motions by both the plaintiff and the defendant in a lawsuit over the failed sale of Women.com.

Done! Ventures says it made a $1 million offer for Women.com and Women.net via Sedo that was accepted by NBC Universal. After NBC Universal allegedly backed out of the deal, Done! Ventures filed a lawsuit to force the company to complete the transaction.

On Friday the Honorable S. James Otero declined motions that were filed by both parties (pdf).

The judge declined Done! Ventures’ application for a temporary restraining order and preliminary injunction over what NBC can do with the women.com domain name as the lawsuit plays out. But the judge also declined NBC Universal’s motion to dismiss the case and, alternatively, to move the lawsuit to New York.

Otero noted that neither side had proved its case enough at this point to find in favor of their motions. It’s not proven at this point whether or not a contract was actually agreed to, so the judge declined to restrict NBCU’s use of women.com. Yet at the same time NBCU hasn’t proven that a contract was not made, so the judge declined to dismiss the lawsuit. Furthermore, the judge determined that moving the lawsuit from Done!’s home state of California to New York would unfairly burden Done! Ventures with little or no benefit for related parties.


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Related posts:

  1. NBC Tries to Wriggle Out Of $1 Million Women.com Sale
  2. NBC Universal and DONE! Fight Over What to Do With Women.com
  3. DONE! Ventures Calls B.S. on NBC Over Women.com Deal

NBC Tries to Wriggle Out Of $1 Million Women.com Sale

August 31, 2010Domaining, Domainnamewire, done ventures, lawsuit, nbc universal, Policy & Law, sedo, women.comComments Off on NBC Tries to Wriggle Out Of $1 Million Women.com Sale

NBC wants lawsuit over domain name dismissed.

NBC Universal has filed a motion to dismiss (pdf) a lawsuit filed by DONE! Ventures over DONE!’s failed purchase of Women.com. DONE! claims it had an agreement to buy women.com and women.net from NBC, and that NBC later backed out of the deal that was brokered by Sedo.

NBC’s first line of defense is that it hadn’t reached an agreement with DONE! because communications only referred to Women.com, not .net — so key terms hadn’t been agreed to:

The Complaint makes clear on its face that no binding contract was formed because there was no meeting of the minds on a material term: the property for sale. Plaintiff alleges that it made a $1 million offer for two domain names: women.com and women.net. Yet, the correspondence from the NBC Defendants’ broker, which Plaintiff attaches to the Complaint and specifically incorporates by reference, states that the NBC Defendants would accept $1 million for women.com alone. Thus, the parties never agreed on what could be purchased for the $1 million price.

Its second line of defense is that Sedo told DONE! it would need to complete a bill of sale with NBC before completing the transaction. NBC argues that no bill of sale was completed, so there was no breach of contract:

Further, the parties’ correspondence states that the NBC Defendants required specified information about the Plaintiff and the completion of a bill of sale before a deal could be consummated. As Plaintiff admits in the Complaint, no bill of sale was ever drafted or signed. Therefore, even if the parties had reached a meeting of the minds about what property was for sale and at what price, which they did not, at most, there was an unenforceable agreement to agree. Plaintiffs breach of contract claim thus fails as a matter of law.

If the court doesn’t buy either of these arguments, NBC wants it to move the case from California to New York.

So here’s the (literally) million dollar question: if DONE! would accept just the .com domain for $1 million, would NBC go through with it?


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Related posts:

  1. NBC Universal and DONE! Fight Over What to Do With Women.com
  2. DONE! Ventures Sues NBC Universal Over Failed Women.com Deal at Sedo
  3. Ad.com Sale Falls Through, Lawsuit Filed