GoDaddy Finally Sold For $2.25 Billion Dollars!


Gdlogo_EverythingOn June 24, 2011, The Wall Street Journal reported that private-equity firms KKR and Silver Lake Partners, along with a third investor, are nearing a deal to buy the company for between $2-2.5 billion  and just today that rumour became a reality.

 

GoDaddy, the world’s largest domain registrar and webhosting company has been sold to three private equity firms at $2.25 billion. Godaddy has more than 45 million domains names under management and is four times bigger than it first competitor. It is well known for their different style of advertising campaigns using Female celebrity models. Godaddy started advertising in super bowl and then expanded their market circle so widely that within years of its launch it received sports sponsorships.

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The deal was sealed by private equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures. Company founder and CEO Bob Parsons expressed his views to Los Angeles times in these words:

 

“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.”

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  1. Sir M.Mustafa Ahmed Zia suggest me a cheap domain hosting service available in Karachi, Pakistan. As a school student I am not able to afford the web hosting prices please help me :(

    ReplyDelete
  2. @Hasan

    There are many but the one that I am using is called hostndomains.com they charge you 800 ruppees per year and I am sure that is not a big amount.

    ReplyDelete
  3. how about the performance of new company? .. hmm

    ReplyDelete