[arin-ppml] Deceased Companies?

[Martin Hannigan]

Hello Matt Petach;

On Tue, Jul 26, 2022 at 4:34 PM Matthew Petach <mpetach at netflight.com>
wrote:

>
>
> On Tue, Jul 26, 2022 at 2:23 PM Ronald F. Guilmette <rfg at tristatelogic.com>
> wrote:
>
>>
>> To put it another way, if a former and now-defunct ARIN member falls in
>> the forrest,
>> and if there is no requirement to make any changes in the associated
>> public-facing
>> WHOIS record(s) after the dead company's membership and resources are
>> reassigned to
>> some successor entity, then how would anyone outside of ARIN even know
>> that any actual
>> reassignment had taken place?
>>
>
> Ron,
>
> Why would ARIN be the place to track changes of ownership of corporate
> entities?
>
> If Elon Musk, for example, were to buy Twitter for $44B, would anyone at
> all expect
> ARIN records to reflect the change in ownership?
>

No. The entity that did the registration is probably 100% owned by an
entity that is 100% owned by an entity that is 100% owned by an entity that
is 100% owned by another entity that is 100% owned by another entity. That
then lands in some tax flow designed by $muskLawyers and then busts out
into a pile of other entities that are redirected all over the planet. This
is common.


Sure, you can look to SEC records to see the change in ownership; it's not
> a
> secret; but it's not something that's on ARIN's head to track.
>
> Similarly, when GlobalCrossing was bought by Level3, there was no
> sudden requirement that every record within ARIN that used to say
> "GlobalCrossing" now say "Level3" (I mean Qwest) (no wait, I mean
> CenturyLink) (shoot, no, now I mean Lumen).
>

And those companies don’t die.  They get adopted. In my $dayjob we still
receive payments and do agreements with XO, MCI and Level3. They are indeed
wholly owned by another, but the corporate entities continue to exist.
Those records are likely to be valid in many cases. Untangling such vast
enterprises is more expensive than simply changing who owns the shares and
the branding. It is quite common from my view as a lord of telecom land.

This is not a task for ARIN. Members will pay dearly for such a time waste.
No thank you.

Warm regards,

-M<
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