GoDaddy Sold for $2.25 Billion

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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.

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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.”

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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.

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