The auction for Sex.com was due to be held in New York a few hours ago but, as became clear last night, creditors of the current owner, Escom, forced through an involuntary bankruptcy which has caused the auction to be “postponed”.
Thanks to the court document [pdf] filed here in Los Angeles, we now have a little bit more information about who the creditors are and what they are owed. Washington Technology Associates is owed $6.6 million; iEntertainment, $3.5 million; and AccountingMatters.com a tiny $7,800. All three companies list the same address in Maryland.
No one is talking at the moment so Escom remains somewhat of a mystery, as it has been since it first bought Sex.com off Gary Kremen in 2004 for $12 million. But with all the media attention on an auction [pdf] that was pulled at the last minute, you have to admit that the world surrounding Sex.com is never dull.
Related posts:
- Is the Sex.com auction off? So I’m hearing at a very late time that the much-vaulted auction of Sex.com is off following a Chapter 11...
- Sunday Times article version one To find out what on earth this is all about, please read this blog post. “In all the years you’ve...
- Sex.com book is go! go! go! The best, most exciting, most important story surrounding the formation of the Internet we know today is the incredible tale...
{ 1 trackback }