[registration-issues-wg] [CPWG] Fwd: ISOC sells PIR

Olivier MJ Crépin-Leblond ocl at gih.com
Thu Nov 14 11:44:54 UTC 2019


If Verisign's Market Capitalisation is roughly USD 22Bn, could PIR be
worth at least a third of this price? 7.3Bn?
Kindest regards,

Olivier

On 14/11/2019 10:37, Alan Greenberg wrote:
> In rough numbers, PIR's gross income is about $100m with net revenue
> (ie "profit") of about $50-60m.
>
> In a blog post, Andrew Sullivan said "Today?s news has tremendous
> benefits for both the Internet Society and PIR.  The transaction will
> help the Internet Society to secure its future through more stable,
> diversified and sustainable financial resources than it has at
> present, allowing the organization to plan for the long term and
> advance its vision of an Internet for everyone on an even broader scale.'
>  
> I see the key words as STABLE, SUSTAINABLE and BROADER. In the 2018
> Annual Report, PIR reported contributions ranging from $30m to about
> $75m over the last 4 years and they predict about $55m for this year.
>
> The announcement implies that the sale price will be sufficient to
> yield them comparable amounts in annual revenue from the sale
> proceeds. One could calculate what that implies about the sale price
> and to what extent Ethos has hopes of increasing profitability.
> Presumably at some point, ISOC will have to reveal what they got for it.
>
> Alan
>
>
>
>
> At 13/11/2019 11:36 PM, Olivier MJ Crepin-Leblond wrote:
>> Hello all,
>>
>> I must admit I do not know what this means for the long term
>> financial stability of ISOC, if ISOC has sold its only source of income.
>> I need to read more about the details of the deal before forming an
>> opinion.
>> Kindest regards,
>>
>> Olivier
>>
>>
>> Sent from my Samsung Galaxy smartphone.
>>
>> -------- Original message --------
>> From: Justine Chew <justine.chew at gmail.com>
>> Date: 14/11/2019 08:02 (GMT+05:30)
>> To: Maureen Hilyard <maureen.hilyard at gmail.com>
>> Cc: CPWG <cpwg at icann.org>, Alan Greenberg <alan.greenberg at mcgill.ca>
>> Subject: Re: [CPWG] [registration-issues-wg] Fwd: ISOC sells PIR
>>
>> It is an outright sale of an asset, the proceeds of which go toward
>> "an endowment fund" for ISOC projects/activities. No revenue sharing
>> is involved.
>>
>> The announcement indicated that all projects and operations will
>> continue as is under new ownership. With its policy on
>> public/community benefit presumably driven and overseen by Ethos
>> Capital's Stewardship Council - I wonder who they will put on this
>> Council.
>>
>> PIR under Ethos Capital will lose its non-for-profit status, so there
>> might be financial implication not to ISOC but possibly PIR's
>> existing .org customers/registrants.
>>
>> We shall see.
>>
>> Justine
>> -----
>>
>>
>> On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard
>> <maureen.hilyard at gmail.com <mailto:maureen.hilyard at gmail.com>> wrote:
>>
>>     As Eduardo said there are lots of unknowns at present. Who knows?
>>
>>     On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg,
>>     <alan.greenberg at mcgill.ca <mailto:alan.greenberg at mcgill.ca> > wrote:
>>
>>         Why will it have major implications on ISOC Chapters?
>>
>>         Alan
>>
>>         At 13/11/2019 02:52 PM, Maureen Hilyard wrote:
>>>             I know for sure that this was not even hinted at during
>>>             the last PIR Advisory Council meeting.. but it will have
>>>             major implications for the ISOC chapters. What are
>>>             they/ISOC thinking?
>>>
>>>             Maureen
>>>
>>>             On Wed, Nov 13, 2019 at 7:59 AM Marita Moll
>>>             <mmoll at ca.inter.net <mailto:mmoll at ca.inter.net>> wrote:
>>>
>>>                 Had we known this was lurking in the background --
>>>                 which it most certainly was at the time -- it might
>>>                 have been a different discussion. How much did ISOC
>>>                 know and when did they know it -- a question ISOC
>>>                 chapters might want to ask.
>>>
>>>                 Marita 
>>>                 -------- Forwarded Message -------- 
>>>                 Subject: ISOC sells PIR 
>>>                 Date: Wed, 13 Nov 2019 17:38:29 +0000 
>>>                 From: Stephanie Perrin
>>>                 <stephanie.perrin at MAIL.UTORONTO.CA>
>>>                 <mailto:stephanie.perrin at MAIL.UTORONTO.CA> 
>>>                 Reply-To: Stephanie Perrin
>>>                 <stephanie.perrin at MAIL.UTORONTO.CA>
>>>                 <mailto:stephanie.perrin at MAIL.UTORONTO.CA> 
>>>                 To: NCSG-DISCUSS at LISTSERV.SYR.EDU
>>>                 <mailto:NCSG-DISCUSS at LISTSERV.SYR.EDU>
>>>
>>>                  I must say, this casts the decision to drop price
>>>                 caps for .org in a slightly different light.  I will
>>>                 keep you posted as I learn more.
>>>
>>>
>>>                 https://www.businesswire.com/news/home/20191113005661/en/Ethos-Capital-Acquire-Public-Interest-Registry-Internet
>>>
>>>
>>>                 Stephanie Perrin
>>>                 NCSG Chair
>>>                   
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