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Go Daddy Reportedly To Be Sold for $2 Billion
The Internet giant started by Bob Parsons, a member of the AOL Small Business Board of Directors, is said to be in buyout talks with investment firms, to be finalized as early as next week.
Posted 6/ 24 11 at 1:00 PM | News, Online Business
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The Go Daddy Group, the world's top Web-hosting and domain-name provider, is reportedly close to a buyout deal with several investment firms to sell for more than $2 billion, sources claim.The private equity firms K.K.R. and Silver Lake Partners, along with another minor investor, are in talks with Go Daddy, and reports say a deal could be finalized as early as next week.
Go Daddy announced plans for a sale back in September 2010, hiring Qatalyst Partners to advise the proceedings.
Based in Scottsdale, Ariz., Go Daddy has attracted a steady following, thanks to its low domain and hosting prices and its high-profile, suggestive ad campaigns. Outspoken founder Bob Parsons, a member of the AOL Small Business Board of Directors and a decorated war veteran, will reportedly still be in charge of operations after the deal is finalized.
Go Daddy declined comment at this time, while spokesmen from K.K.R and Silver Lake could not be reached for comment.
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Comments (Page 1 of 1)
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I never heard of Godaddy.com until Danica Patrick did ads for them. Still don't care anything about them.
Looks like the instant replay of the infamous "Dot Com" stock market Bubble of the late 1990s all over again!