GoDaddy, the world’s largest domain registrar, has been sold to a group of private investment firms for $2.25 billion, the company announced late Friday.
GoDaddy has been acquired by private-equity firms KKR & Co., Silver Lake Partners, and Technology Crossover Ventures.
Earlier last week there were reports in media that this acquisation is on cards.
Company founder and CEO Bob Parsons predicted further growth of GoDaddy under its new ownership. He said to the Los Angeles Times, “What these guys see is a company with a lot more potential internationally and more potential to make partnerships and acquisitions. They’ll help us finance and they’ll help us recruit talent.”
GoDaddy, known for its sexy Super Bowl ads and controversial CEO with a penchant for elephant killing, has seen significant growth over the past three years, with sales rising by 25% to $947 million from 2009 to 2010. The company projected growth for 2011 to continue that trend, quoting a figure of $1.1 billion for the year.
The deal will help GoDaddy, the world's largest registrar of domain names, expand overseas and look for buyout targets, Parsons told the Journal.
GoDaddy has been acquired by private-equity firms KKR & Co., Silver Lake Partners, and Technology Crossover Ventures.
Earlier last week there were reports in media that this acquisation is on cards.
Company founder and CEO Bob Parsons predicted further growth of GoDaddy under its new ownership. He said to the Los Angeles Times, “What these guys see is a company with a lot more potential internationally and more potential to make partnerships and acquisitions. They’ll help us finance and they’ll help us recruit talent.”
GoDaddy, known for its sexy Super Bowl ads and controversial CEO with a penchant for elephant killing, has seen significant growth over the past three years, with sales rising by 25% to $947 million from 2009 to 2010. The company projected growth for 2011 to continue that trend, quoting a figure of $1.1 billion for the year.
The deal will help GoDaddy, the world's largest registrar of domain names, expand overseas and look for buyout targets, Parsons told the Journal.
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