Go Daddy, an Internet Domain Registrar, Is Sold
- Posted on July 1, 2011 at 7:22pm by
Scott Baker
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SAN FRANCISCO (AP) — The parent company of GoDaddy.com, a top registrar of Internet domain names, has been sold to a group of private investment firms for $2.25 billion, a person familiar with the transaction told The Associated Press.
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 because expanding Internet use has fueled the creation of more websites and the “domains” needed to help find them. Go Daddy announced the sale late Friday. A person close to the transaction, who asked to remain anonymous because of not being authorized to speak publicly, told the AP the sale price.
A fact sheet accompanying the release indicated that Go Daddy’s revenue has grown by more than 20 percent in each of the past several years.
The Go Daddy Group Inc. was founded in 1997 by Bob Parsons, who continues to serve as its CEO. The company, based in Scottsdale, Ariz., manages more than 48 million domain names, and sells other Internet-related technologies.
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URKiddinMee
Posted on July 5, 2011 at 2:00pmFirst, why isn’t a “Reply” posted immediately under the comment to which one is replying. Second, WHY does the screen keep defaulting to “Oldes First” sequence EVERY time a reply is sent? Just wonderin’
Report Post »URKiddinMee
Posted on July 5, 2011 at 1:52pmI hope this doesn‘t mean that they’ll start putting flat-chested women in their ads instead of their current “first round draft picks!” LOL
Report Post »hi
Posted on July 5, 2011 at 10:41amParsons is a genius that gets bored. He will just start a new company.
Report Post »5headspro.com
Posted on July 5, 2011 at 8:38amOr maybe, call me crazy, they built the company from the ground up and saw a way to make a profit. Just sayin’. I think that is the way capitalism works. Now maybe they will go out and start another company from scratch, make it profitable then sell it. And just maybe if that happens, they will repeat that process again.
that is all…
Report Post »URKiddinMee
Posted on July 5, 2011 at 1:54pmI suspect that you are correct. Isn‘t GoDaddy Parson’s fourth or fifth successful venture?
Report Post »rightwinglefty
Posted on July 4, 2011 at 11:17pmI wish Bob Parsons well in future ventures. He is a great American. A Marine grunt serving in Vietnam to a multimillionaire businessman. He is a true self made man. Our elected heroes could take a lesson from this man.
Report Post »eightsixsevenfivethree-o-nine
Posted on July 4, 2011 at 4:09amTheir marketing department sure is unique!
Report Post »gvblaze
Posted on July 3, 2011 at 8:38amAll big business of sufficient size is corrupt and immoral having rights to do as a person but never held accountable for there actions as a person. Large amounts of cash flow for immoral reasons. This is undoubtedly another example.
Report Post »wordsworth
Posted on July 3, 2011 at 2:56amGoDaddy was playing dirty, and getting caught place holding URL’s for ransom after people would do a casual search. Getting Godaddy to unlock and make the obscure domain name you picked out and they claimed before you came back to make the purchase was a con, and they would then try and resell it for large amounts of money. GoDaddy admitted to doing this, but then claimed they had stopped… but it’s still going on today.
rightwinglefty
Posted on July 4, 2011 at 11:21pmI worked at GoDaddy and am also a customer and what you allege is simply untrue. Bob Parsons is a true self made man. He has no Ivy League degree and so because he made money you say he cheated. Sounds like a very liberal point of view.
Report Post »mcFirst
Posted on July 2, 2011 at 11:50pmits all about next year when you can buy your own extension.
Report Post »TomFerrari
Posted on July 2, 2011 at 5:10pmSeems like a LOT of tech companies getting all the money while they can lately.
Going public, selling, selling, selling…
Could they all believe we are at the top of a temporary bubble??
Report Post »If so, it would absolutely be the best time to SELL, SELL, SELL, as they seem to be doing!
Hmm…
the_ancient
Posted on July 4, 2011 at 12:43am@TOMFERRARI There is a “Bubble” in tech, but it is nothing like that 90′s
What we are seeing here is a natural market consolidation, most of the companies that are selling provide real world products with real world customers, unlike most of the companies that collapsed in the last new bubble who only had ideas and “potential” customers…
Now there are exceptions, and some very big ones… software companies that depends on huge user bases and ad revenue for all of their income are a concern (Facebook) because as you saw with MySpace it does not take much to bring a giant down that has no product that anyone is willing to PAY to us….
Report Post »Jim in Houston
Posted on July 2, 2011 at 3:58pmAre these Chinese or Iranian investors?
Report Post »bootz
Posted on July 4, 2011 at 2:47pmSaudi’s and Israel. Just like everything else.
Report Post »STAR SPANGLED SPAMMER
Posted on July 2, 2011 at 2:00pmThis is just “solid” proof that the Internet will be down soon.
What company would ever sell with strong annual returns like that?….Nobody that’s who!
(“trust nobody”)….Power to the People!!!!
Report Post »Sarah Palin is Smarter than you
Posted on July 2, 2011 at 1:09pmAs long as they stay as strong as they are right now, I will cotinue to manage my domains with godaddy. Very fair, amazing support! Thanks GODADDY!
Report Post »benrush
Posted on July 2, 2011 at 9:59amI wonder if the new owners wanted inside information about who owns the domains. Information is worth a lot these days. I’m probably going to find a new place to run my websites from.
Report Post »h20theothergreenhousegas
Posted on July 14, 2011 at 7:48amFBI is responsible for protecting people’s privacy, not sure changing your relationship with GoDaddy is going to affect their records on the books which they need to have access to anyway. Comments like that make me wonder how much economic damage we cause ourselves with these imaginary fears sometimes.
Report Post »teddrunk
Posted on July 2, 2011 at 8:38amI wonder if the new owners still run those awful commercials with those two harlots.
Report Post »fbanta
Posted on July 3, 2011 at 11:19pmI sure hope so!
Report Post »akabosan
Posted on July 4, 2011 at 7:04amOh Gawd! I surely hope so. LOL GB
Report Post »Larry
Posted on July 5, 2011 at 12:18amI sure hope so.
Report Post »URKiddinMee
Posted on July 5, 2011 at 1:55pmIf they’re truly “harlots” I’d like to rent them for a while. And do I detect a bit of envy in your vitriole?
Report Post »usavecomputers
Posted on July 2, 2011 at 4:25amIt is probably because they know when the crash finally comes most online sites and tech related will be worth less.
Report Post »Thundercross
Posted on July 2, 2011 at 1:47pmUm, I wouldn’t compliment the business practices of a Domain Registar that regularly seizes domains. I just hope their new owners have better respect for their own paying customers.
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