November 14, 2019 (New York) – International law firm Proskauer is representing Public Interest Registry (PIR), a nonprofit corporation, in its pending sale to Ethos Capital.
The Internet Society and PIR reached an agreement with Ethos Capital, under which Ethos Capital will acquire PIR and all of its assets from the Internet Society. The transaction is subject to regulatory and other third party approvals and expected to close during the first quarter of next year. The financial terms of the transaction are confidential.
PIR was established by the Internet Society in 2002 to manage and operate the .ORG domain. Since then, .ORG has risen to become the largest purpose-driven domain used by millions of organizations and others to achieve their online goals. As an advocate for collaboration, safety, and security on the Internet, PIR's mission is to serve as an exemplary registry and to provide a trusted digital identity.
The Proskauer team included partners Lauren Boglivi (Private Equity/Mergers & Acquisitions), Amanda Nussbaum (Tax), and Seth Safra (Benefits) and associates Grant Darwin (Corporate), Sejin Park (Tax), and James Huffman (Benefits).