Daniel Hannan MEP, has informed us all that the EU seems rather upset that the US "runs" the internet and is keen to do something about it. They want ICANN to be taken over by the G12 so that they can run it "for everyone". The internet was invented (by a British man) because of the American effort to protect itself in case of a nuclear attack. The EU expects the US to hand over the keys to a strategic asset merely because it offends their anti-American sensibilities. "If it ain't broke don't fix it" does not resonate with them much either it seems.
Hannan quotes this gem: "In the long run, it is not defendable that the government department of only one country has oversight of an internet function which is used by hundreds of millions of people in countries all over the world."
Obama might be keen to suck up to the Europeans, but even he would not be stupid enough to grant this request. I doubt most in the UK would be too keen on this idea eithe.