What was the deal with .org?

EDIT: seems like Ethos Capital private equity firm wanted the .org registry, and Xavier Becerra (Attorney General of California at the time) wrote a letter that played major role in transaction being rejected

> Dear Messrs. Botterman and Marby:

>

> I urge ICANN to reject the transfer of control over the .ORG registry to Ethos Capital.

> The proposed transfer raises serious concerns that cannot be overlooked.

(from https://itp.cdn.icann.org/en/files/correspondence/becerra-to...)