The Internet domain name saga could soon be over, as White House Internet advisor Ira Magaziner confirmed that the US government is in the final stages of handing over the management of the address system to a private company.
'Newswire' reported yesterday that the US government has essentially approved the plan proposed by the IANA - the body that controls the technical aspect of the system - which called for the new company to be run by a 19-member board with global representation.
Magaziner would not commit to a specific date, but admitted there was a need for urgency as it could take years to complete the transfer.
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