The Bankrupt sex.com Got $12m Offer for Sale

According to the court document,  Caribbean based Clover Holding Limited made an offer of $12m to buy the most coveted internet domain name sex.com. The current owner, Escom LLC, is forced to sell the company due to bankruptcy.  Esscom purchased the domain from the previous owner in 2006. The bankruptcy court announced that Clover made the highest and best offer among 12 bidders. The price for the internet domain name varies between $12 million and $14 million since it declared bankruptcy.

Attorneys representing Escom are asking a California bankruptcy court to approve Clover as the winning bidder and clear the way for the Sex.com deal to be sold and domain-name trading platform Sedo to get its commissions, said an AFP report.

“The proposed sale to buyer was the product of arms-length, good faith negotiations in which the debtor bargained for maximum possible purchase price for the assets,” Escom attorney Jeffrey Dulberg wrote in a court filing.