"A U.N. technology summit opened Wednesday after an 11th-hour agreement that leaves the United States with ultimate oversight of the main computers that direct the Internet's flow of information, commerce and dissent.
...Negotiators from more than 100 countries agreed late Tuesday to leave the United States in charge, through a quasi-independent body called the Internet Corporation for Assigned Names and Numbers, or ICANN."
IMHO, quite right. If it ain't broke, don't fix it.
"U.S. officials said early Wednesday that instead of transferring management of the system to an international body such as the United Nations, an international forum would be created to address concerns. The forum, however, would have no binding authority."