GoDaddy Sold for $2.25 billion

Three equity firms KKR & Co, Silver Lake Partners and Technology Crossover Ventures have acquired the world’s largest registrar of domain names: GoDaddy. Under the terms of the deal, valued at $2.25 billion, the three firms take over the debt of Godaddy which is said to be approximtely half the value of the deal.

Bob Parsons, Founder and Chief Executive Officer of Godaddy said: “”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.”

The sales of GoDaddy have risesn substantially in recent times; the sales rose to $947 million in 2010, a greowth of 25% over the previous year. If the growth continues at the same rate, the sales are expected to cross $1.1 billion in 2011.

According to a New Yoprk Times report, Parsons will be the Executive Chairman of the company once ghe deal comes into effect. According to a spokesperson of the company, parsons would continue to be the single largest stakeholder of the company once the deal is implemented. The spokesperson hastened to clarify: “This does not mean he has 51% – it means, as an individual, he would have as much ownership as any one entity.”

Sprightly Spirit

About Sprightly Spirit

“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!
Tags:

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

©2024 SpectralHues. Powered by SpectralHues. Designed by Vipul Madhani

Log in with your credentials

Forgot your details?