AN offshore holding company wants to have its way with sex.com for $US13 million.
Clover Holdings Limited, based on the Caribbean island of St Vincent, made the top offer for the name sex.com after Escom LLC revealed it was being forced to sell it due to bankruptcy, according to court documents.
Escom is reported to have bought the domain name for from $US12 million to $US14 million in 2006.
Sedo, which bills itself as the world's biggest trading platform for domain names, has said the sex.com sale "offers the new owner a unique opportunity to become market leader".
There were a dozen bidders vying to get sex.com, according to court paperwork online yesterday.
Little information about Clover was included in court documents.
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 consummated and domain-name trading platform Sedo to get its commissions.
"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.
"The negotiations involved substantial time and effort by the parties... and (the agreement) reflects given-and-take and compromises by both sides."