The US government has given its blessing to a controversial deal over the future of the lucrative «.com» Internet domain. BBC reports.

“The deal gives .com administrator Verisign control over the domain until 2012.

The US Department of Commerce retains some oversight of Verisign and has final approval of any price rises to renew .com net addresses.

… Verisign has run the .com domain since 1999 and has now won the right to keep on controlling it until 2012. The deal also gives it the right to raise prices to renew .com domains in four of the six years of the contract.”