On 6 August 1998 a licensing agreement was signed with Information.CA of Toronto under which it agreed to pay an up-front payment of US$50 million for exclusive marketing rights to Tuvalu's domain until 2048, with the country manager/delegee of the Government of Tuvalu for the .tv extension being The .tv Corporation International, which was established in 1998. Subsequent negotiations with Information.CA followed from the delays in payment of US$50 million. Idealab, a Californian company, became involved in 1999 and assumed the $50 million obligation to be paid over 10 years. With the first $1 million payment, Tuvalu was finally able to afford to join the United Nations. Lou Kerner became the first employee of .tv when he joined as CEO in January 2000. .tv grew to over 100 employees, with offices in Los Angeles, London, and Hong Kong, before being acquired in a nine figure transaction in December, 2001.