Net’s .web domain sold for $135m

Net's web domain sold for $135m

The auction for ownership of the .web domain has ended with one company paying $135m (£102m) for rights to use the suffix.
A company called Nu Dot Co won the auction and can now offer firms the chance to own a domain ending .web.
The figure is three times as much as was paid for the previous record holder, .shop, which went for $41.5m.
Losing bidders for the domain included Google and net registry firms Afilias, Radix and Donuts.