Verisign’s pact with ICANN gets U.S. government nod but with pricing limits

(Reuters) – Verisign Inc said the U.S. Department of Commerce approved its agreement with ICANN to run the .com internet registry, but the company will not be able to raise prices as before, sending its stock down 13 percent before the bell. The company’s current pricing of $ 7.85 per domain name registration will continue for the six-year term ending November 30, 2018. Previously, the company had the right to increase prices by up to 7 percent four times in the contract period. …

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