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New GTLDs: Changing The Internet As We Know It

Law360 (May 8, 2009, 12:00 AM EDT) -- Toy retailer Toys R Us Inc. recently outbid a number of others to purchase the domain name toys.com for $5.1 million, reportedly the highest price paid for a domain in 2009.[1]

The Internet Corporation for Assigned Names and Numbers, the organization that oversees Internet-related functions, plans to start accepting applications for an unlimited range of new generic top-level domains, such as .toys, starting as early as December 2009.

If the plan is finalized, those who were outbid by Toys R Us could possibly obtain the .toys...
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