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Sunday, July 3, 2011

Godaddy sold!!

How'd they do this? Put up a company then sold for billion dollars.

GoDaddy, the world’s largest domain registrar, has been sold to three private equity firms in a deal valued at $2.25 billion, the company announced late Friday.

As a report predicted a week ago, private equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures sealed the deal, where they agreed to take on GoDaddy’s debt (update: which the Wall Street Journal says amounts to roughly half the value of the deal). That earlier report indicated the company would be sold for between $2 billion and $2.5 billion.

They must have a great desire.

1 comment:

Deep Linking

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