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While working on acquisitions I see both sides of the deal. I get to work with all the different people at our company that touch a deal, and I’ve seen that everyone has a distinct set of dealbreakers. During the due diligence phase I get a realistic business view of the companies we are acquiring while learning about their domain and SEO strategies. Seeing a number of domain and website deals has evidenced that most domain investors and developers have no exit strategy in mind and are not preparing their properties for likely buyers.
After OnlineNIC refused to show up at the legal proceedings that resulted in the largest cybersquatting decision in history, I speculated that their decision to ignore the federal lawsuit may have been based on not having any U.S. presence.
OnlineNIC is in trouble with Verizon resulting in the largest cybersquatting decision ever. According to a Verizon press release, the damages are $33.15 million because of 663 domain infringing names. The Chinese-based registrar did not participate in the federal court proceedings, resulting in a default ruling, perhaps due to the question of whether or not Verizon chose the proper venue to bring such a case. If OnlineNIC has no assets in the U.S. then they may have little to lose from a U.S. court.
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