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ICANN settles with Verisign

Those not in the business might not know that Verisign owns Networking Solutions (until 1999 the only company allowed to sell domain names). Network Solutions was sold to Verisign from SAIC. SAIC is a fantastic company but due to the nature of their work can create good bureaucracy. Verisign still has ties to SAIC.

ICANN oversees the assignment of domain names and ip addresses.

The board of the Internet Corp. for Assigned Names and Numbers said Wednesday it has approved a set of agreements settling a dispute between ICANN and VeriSign Inc. (VRSN) (VRSN).

ICANN said the settlement includes a new registry agreement relating to the operation of the “.com” registry.

I bet this settlement implies an increase in the cost of the .com tld.

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