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Music.mobi Lawsuit Settled: Music.us gets the domain for 6 figure amount

The $611k runner up for Music.mobi — C. Roussos from Cyprus and owner of several music.* domains — has settled the Music.mobi case with Sedo and dotMobi. As you may all well know he took both the mTLD and Sedo to court and served them with an injunction and a lawsuit. During the last 4-5 weeks his lawyers have been in negotiations with the dotMobi mTLD in light of their final resolution proposal which required him to pay $616,000 for the name.

Source dotMobiz