Read More.On Thursday, ICANN executed a renewal of a contract extension with Verisign (NASDAQ: VRSN) for running the .net registry. It extends the agreement to June 30, 2029.
The renewal allows ICANN to increase wholesale prices by 10% a year, over the objections of many people who submitted comments regarding the deal. The current wholesale price is $9.92, and the new agreement gives Verisign the right to increase prices to $19.31 at the end of the six-year term.