ICANN : Results Available for 27 January 2016 New gTLD Program Auction

On 27 January 2016, Power Auctions LLC, ICANN’s authorized auction service provider, conducted a New gTLD Program Auction to resolve string contention for one new generic top-level domain (gTLD) contention set: .SHOP. This set was previously identified as an indirect contention set consisting of both the .SHOP and .SHOPPING strings. The applicants for .SHOPPING have resolved their contention amongst themselves, eliminating the linkage between .SHOP and .SHOPPING. The remaining contention set is a direct contention set for the string .SHOP. The applicants were unable to resolve contention among themselves; thus their contention set proceeded to auction, which is the method of last resort to resolve string contention as prescribed in Module 4 of the New gTLD Program Applicant Guidebook. Subject to payment of the winning price and meeting all other criteria for eligibility, the winner will enter ICANN’s contracting process to sign a Registry Agreement to operate the gTLD.

Seven applicants completed all necessary prerequisites and participated in the auction for .SHOP. GMO Registry, Inc., applicant for .SHOP, prevailed with a winning price of $41,501,000.

All proceeds from the Auction are being segregated and withheld from use until ICANN’s Board of Directors define a plan for an appropriate use of the funds through consultation with the community.
More Information

Contention Set Status: 212 of 233 contention sets are now resolved. The majority have self-resolved, but 15 sets resolved via Auction (method of last resort).
Auction Results: Auction reports on this page of the New gTLD Microsite provide additional information on each Auction outcome.
Auction Proceeds and Costs: A detailed summary of the proceeds and costs of each Auction through January 2016. This information will be updated within 7 days of each Auction.
Auction Schedule [PDF, 264 KB]: Updated as of 27 January 2016.
General New gTLD Program Auctions information.

This announcement was sourced from :

https://www.icann.org/news/announcement-2-2016-01-27-en

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