[GoDaddy] Sold to three private equity firms for US$2.25 billion

Started by Xhanch Studio, July 02, 2011, 08:37:35 PM

previous topic - next topic
Go Down

Xhanch Studio

GoDaddy, the worldââ,¬â,,¢s largest domain registrar, has been sold to three private equity firms in a deal valued at $2.25 billion, the company announced late Friday.

As a report predicted a week ago, private equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures sealed the deal, in which they agreed to take on GoDaddyââ,¬â,,¢s debt. That report indicated the company would be sold for between $2 billion and $2.5 billion.

Company founder and CEO Bob Parsons predicted further growth of GoDaddy under its new ownership. He said to the Los Angeles Times, ââ,¬Å"What these guys see is a company with a lot more potential internationally and more potential to make partnerships and acquisitions. Theyââ,¬â,,¢ll help us finance and theyââ,¬â,,¢ll help us recruit talent.ââ,¬Â

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.
Best Regards,
Susanto B.Sc
Web development services, WordPress plugin and theme development, PSD to XHTML conversion - http://xhanch.com
Read free manga online - http://authrone.com

Go Up