• Domain Name Wire, Tuesday, June 15, 2010 8:10 AM

Yahoo can finally call the Flicker.com domain name its own. "But this wasn't your typical domain name sale," notes Domain Name Wire. "It was actually the culmination of year long anti-cybersquatting lawsuit brought against the Flicker.com owner AshantiPLC, which is owned in part by domain investor Sahar Sarid."

Yahoo's lawsuit against the Ashanti was filed last July in which the Web portal alleged that the defendants purchased the domain name for $55,000 on eBay in July 2006. The suit chronicles what the defendants did with the name after they bought it, including showing traffic stats and citing numerous rejected offers, according to Domain Name Wire. "They even turned down a $700,000 offer." It also states that the defendants placed ads to camera companies on the domain name. Yahoo also alleged that the defendants responded to Twitter inquiries about Flicker.com being down. In the end, the parties entered mediation and settled the case, with Yahoo dismissing it last week. Case closed.

Read the whole story at Domain Name Wire »