The world’s largest domain registrar, Go Daddy, has been sold to three private equity firms in a $2.25 billion deal, the company announced on Friday.
Go Daddy Group Inc.’s sale to KKR, Silver Lake and Technology Crossover Ventures comes as the company expects to top $1.1 billion in revenue this year through expanding Internet use which has resulted in the creation of more new websites.
Go Daddy’s revenue has reportedly grown by more than 20 per cent in each of the past several years.
Company founder and CEO Bob Parsons predicted further growth of Go Daddy under its new ownership.
He 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 Go Daddy Group Inc. was founded in 1997 . The company, based in Scottsdale, Arizona, manages more than 48 million domain names, and sells other Internet-related technologies.
View Comments
Loading ...
