It's Official: GoDaddy Partners Up for $2.25 Billion

Paul Lilly

Reports from all over the Web are saying the GoDaddy.com just changed hands for billions of dollars. According to GoDaddy's official statement, however, this isn't a sale, but a "strategic investment" and partnership with KKR, Silver Lake, and Technology Crossover Ventures, a trio of investment firms.

"I've always said we would make a move like this when the right deal with the right partners could help us do the right thing for our customers and our employees," said Go Daddy CEO and Founder Bob Parsons. "This is it! We are partnering with KKR, Silver Lake and TCV because of their technology expertise, their understanding of Web based businesses and because their values align with ours. We believe, together, we will take the company to the next level, especially when it comes to accelerating international growth."

Terms of the deal were not disclosed, but quoting "people briefed on the matter," the New York Times says the sale partnership is worth $2.25 billion. Bob Parsons, CEO and founder of GoDaddy, will retain more shares than any other individual, but it's unclear if he'll have a controlling interest after the deal is complete.

"Mr. Parsons will continue to be the largest single shareholder, even after the agreement is finalized," a GoDaddy spokesperson told Mashable . "This does not mean he has 51 percent -- it means, as an individual, he would have as much ownership as any one entity."

GoDaddy, known for its sexually suggestive ads run during the Super Bowl, is the biggest domain registrar in the U.S. and has shown strong growth the past few years. Sales jumped up 25 percent to $947 million from 2009 to 2010, and are projected to reach $1.1 billion by the end of 2011.

Around the web

by CPMStar (Sponsored) Free to play

Comments