AfterDawn: News

GoDaddy.com goes up for sale

GoDaddy.com, the extremely popular site used to register domain names online, has said this week that it is putting itself up for sale.

The site is expected to receive a bid over $1 billion.



GoDaddy, the world's largest domain name registrar, has 43 million domains under management.

The privately-held company was started by CEO Bob Parsons in 1997, and is well known for its advertising campaigns, such as the "Go Daddy Girls" ads shown off during recent Super Bowls.

Because the company is private, it does not have reveal its finances, but sources close to the site say the site posted revenue of almost $800 million last year.

Small rival Register.com was sold earlier in the year for $135 million.

Written by: Andre Yoskowitz @ 11 Sep 2010 17:30

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• 4 comments

• borhan9

  Quote:Because the company is private, it does not have reveal its finances, but sources close to the site say the site posted revenue of almost $800 million last year. Not a bad little earner he has there :)

  11.9.2010 20:06 #1

• KillerBug

  Originally posted by borhan9: Quote:Because the company is private, it does not have reveal its finances, but sources close to the site say the site posted revenue of almost $800 million last year. Not a bad little earner he has there :) It is called a black box...we have no reason to believe that this isn't another Enron. If they are making $800 million per year, then they would not be looking for 'just' one billion.

  11.9.2010 23:42 #2

• DVDBack23

  Originally posted by KillerBug: Originally posted by borhan9: Quote:Because the company is private, it does not have reveal its finances, but sources close to the site say the site posted revenue of almost $800 million last year. Not a bad little earner he has there :) It is called a black box...we have no reason to believe that this isn't another Enron. If they are making $800 million per year, then they would not be looking for 'just' one billion. We don't know their profit on that revenue though, it could be very minuscule.
  
  

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  12.9.2010 00:03 #3

• www.zoomactive.com (unverified)

  It is only being sold as GoDaddys net profits was around $135 million.

  12.9.2010 13:03 #4