Reglikedomain industry desk

ICANN and Verisign agree to .com extension with 7% price hikes: Breaking

ICANN and Verisign agree to .com extension with 7% price hikes: Breaking

The only surprise was how fast it happened following the comment note was published.

Verisign logo

Did you have time to digest ICANN’s staff note on comments regarding the .com price hike? It was published yesterday. Today, Verisign (NASDAQ: VRSN) and ICANN agreed to the amendment as planned.

The agreement will allow Verisign to increase the price of .com domains by 7% per year in the last four years of each six-year extension. The first price increase would be allowed at the end of October 2020, but Verisign has by now stated it won’t raise prices during this calendar year.

Verisign also agreed to pay ICANN an additional $4 million per year for five years beginning January 1, 2021.

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