In a move that could shake up the internet, private equity firm Ethos Capital is buying the company that owns every .org domain on the web. Ethos is expected to close its deal to acquire the Public Interest Registry during the first quarter of 2020.
Ethos, which was founded in May 2019, is expected to close its deal to acquire the Public Interest Registry during the first quarter of 2020. The sale price has not been released.Now, nonprofits, which make up the majority of the .org domains, are panicking about the purchase, scampering to sign a petition spearheaded by the National Council of Nonprofits that calls for blocking the deal. There are currently some 10 million .org domains on the internet.
"I totally empathize and understand the fear that the valid voices are expressing," he added."The narrative has been hijacked a little bit."This would not be the first time the .org domain was owned by a for-profit company. Verisign owned the Public Interest Registry from 1995 to 2003.But this latest move brings concern for good reason: Ethos has only been in business for six months, and PIR is one of the firm's first investments.
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