GoDaddy.com

GoDaddy Sold for $2.25 Billion

GoDaddy.com

As reported last week, GoDaddy, the world’s largest domain registrar, has been sold to three private equity firms for $2.25 billion. KKR & Co., Silver Lake Partners and Technology Crossover Ventures bought the company and also agreed to take on GoDaddy’s debt, which is reported to amount to half the value of the deal.

[ad#Google Adsense 336×280]
It is unclear if company founder and CEO Bob Parsons will retain a controlling interest in the company but he’s expected to be an executive chairman of the company after the deal closes and a substantial stakeholder.

In an article in The New York Times, Parsons said “This isn’t a sale. It’s a partnership that’s reinvesting in GoDaddy.”

Known for its sexy Super Bowl featuring GoDaddy girls like Danica Patrick, the domain giant has grown from strength to strength, with sales rising by 25% to nearly $950 million from 2009 to 2010. The company is projecting $1.1 billion in revenue this year.

READ ALSO  Hotmail Turns 15, Adds Amazing New Innovative Features for Power Users
  • Show Comments

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.