The West

The suitors for have been put off for now.

An auction for the much-sought-after domain name was cancelled overnight after three creditors filed a petition forcing the owner into bankruptcy.

The domain name is considered to be the most valuable domain name in history.

Mike Mann, an investor with all three creditors says the petition was filed to stop the auction.

The creditors have a combined $US10.1 million ($A10.94 million) claim.

Mann says selling the domain name at an auction was not going to enhance its value. is considered one of the most expensive domain names in Internet history.

Escom paid a reported $US12 million to $US14 million ($A13.0 million-$A15.17 million) for it in 2006 but has been unable to pay the lender who backed the deal.

The opening bid for the auction was set at $US1 million ($A1.08 million).

The West Australian

Latest News From The West

Police raided a notorious chain of smoke shops across Perth yesterday as it revealed officers seized more than 4500 packages of synthetic substances from the outlets last financial year.

Miami (AFP) - Donald Trump sensationally challenged Russia on Wednesday to hack into Hillary Clinton's emails as a furious Democratic campaign accused the Republican nominee of inviting foreign spies …

Popular videos

Compare & Save

Follow Us

More from The West