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VeriSign, Inc. (NASDAQ: VRSN) today provided a statement on the pending review by the Department of Commerce of Verisign’s .com Registry Agreement renewal with Internet Corporation for Assigned Names and Numbers (ICANN) to serve as the authoritative registry operator for the .com registry.
The .com Registry Agreement was approved by Verisign’s Board of Directors on June 16, 2012, ICANN’s Board of Directors on June 23, 2012, and tendered by Verisign to the Commerce Department for its review and approval on June 26, 2012. The Commerce Department is reviewing the .com Registry Agreement as required by the Cooperative Agreement between the Commerce Department and Verisign. While the authority to approve the renewal rests exclusively with the Commerce Department, the Commerce Department seeks inputs from other U.S. agencies, which includes the Department of Justice.
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