GoDaddy, the world’s largest domain registrar and known for its sexy Super Bowl ads and controversial CEO with a penchant for elephant killing, has been sold. The deal valued $2.25 billion.
The deal between both parties took place late Friday as per company announcement and the three private equity firms are KKR & Co., Silver Late Partners and Technology Crossover Ventures. They agree to take on GoDaddy’s debt which is roughly half of the value of deal.
GoDaddy founder and CEO Bob Parsons predicted further growth under its new ownership. In an interview with Los Angeles Times, Bob Parson 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.
GoDaddy, also known for its sexy Super Bowl advertisements and controversial CEO with a penchant for elephant killing,
There has been significant growth in the past three years, with sales rising by 25% to around $947 million from 2009 to 2010. The new ownership will continue that trend in 2011 and quoting $1.1 billion for the year.
