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Thread ID: 118880 2011-06-24 21:44:00 Go Daddy Sold. SurferJoe46 (51) PC World Chat
Post ID Timestamp Content User
1211767 2011-06-24 21:44:00 This is where I have my domains registered - now what?

Hopefully nothing changes .


NEW YORK – Private equity firms KKR & Co . and Silver Lake Partners, along with a third investor, are nearing a deal to buy the owner of GoDaddy . com, a closely-held company that registers internet domain names, for between $2 billion and $2 . 5 billion, people familiar with the matter said Friday .

An announcement of the sale could come as early as next week, although a deal has not been signed yet and the people cautioned that an agreement may not be reached .

The New York Post first reported KKR's interest in the company .

Scottsdale, Ariz . -based GoDaddy hired a boutique investment bank last year to shop the company to potential buyers .

GoDaddy is the world's largest registrar of domain names . The site also sells e-commerce, security and other services to people and businesses looking to manage their online presence .

Customers pay GoDaddy monthly fees, which brings the company steady cash flow -- an attraction for buyout firms .

GoDaddy was founded in 1997 by Bob Parsons, who continues to be the company's owner and chief executive . It is known for its edgy advertising, including Super Bowl commercials and ads featuring different "Go Daddy Girls" including racing car driver Danica Patrick .

Parsons would continue to be CEO, a source said .

Read more: . foxnews . com/scitech/2011/06/24/go-daddy-expected-to-sell-for-over-2-billion/#ixzz1QEDSiMKT" target="_blank">www . foxnews . com
SurferJoe46 (51)
1211768 2011-06-24 23:15:00 Hopefully nothing changes .



I second that!!

Its a surprise to hear its up for sale, hope all my . coms will be fine :eek:
Iantech (16386)
1211769 2011-06-24 23:44:00 Most likely the doubling of the cost of your domain hosting next year.. paulw (1826)
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