Home > News > Sex.com Sale Approved, Creditors to Get $10 Million • Bookmark   • Newsletters   • Register Search Options


Sex.com Sale Approved, Creditors to Get $10 Million

Sex.com Sale Approved, Creditors to Get $10 Million
Get XBIZ News
Oct 29, 2010 3:00 PM PDT    Text size: 
LOS ANGELES — The sale of Sex.com to Clover Holdings for $13 million has been approved by a bankruptcy court.

Upon completion of the sale, Sex.com owner Escom will pay out more than $10 million to its creditors.

Washington Technology Associates will receive $6.3 million and DOM partners will get $3.7 million.

Sedo also gets just under 10 percent, its commission for brokering the deal.

Another $2 million has been set aside until an objection filed by Nuthin’ But Net is resolved.

Earlier this week, Nuthin’ But Net filed a motion objecting to the purported amounts claimed by the secured lenders and asserted the purported creditor iEntertainment’s claims should be disallowed because its note was wrongfully obtained.

The motion also accused investor Mike Mann of “self-dealing,” an allegation Mann denies.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !


WIA Profile: Lupe Martinez

Each month, industry news media organization XBIZ spotlights the career accomplishments and outstanding contributions of Women in Adult. WIA profiles offer an intimate look at the professional lives of... More »

Jose Sanz Weaves a Profitable Tapestry at FreeWebCams

Navigating the complexities of customer service in the camming industry is a varied and oftentimes chaotic task, pulling even the most seasoned professionals in a multitude of directions. Fortunately for... More »

Spanish Pleasure Products Brand Adrien Lastic Puts Unique Twist on Luxury Toys

What’s really in a brand name? Pleasure products manufacturer Adrien Lastic thinks it’s the perfect chance to make a big impression, especially if you’re new on the scene. “I admit... More »
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.

Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.


Latin America Adult Business Expo

Jul 10 - Jul 12
Cartagena, Colombia

ANME Founders Show

Jul 16 - Jul 18
Los Angeles Marriott Burbank Airport


Aug 03 - Aug 06
Montreal, Quebec

XBIZ Berlin 2017

Sep 11 - Sep 14
Berlin, Germany
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!