GoDaddy to be sold for $2.5 billion?

GoDaddy to be sold for $2.5 billion?
Although it has been unconfirmed by the private equity firms, multiple reports are claiming that KKR and Silver Lake are in deep talks to purchase domain site giant GoDaddy.com

The private equity firms are reportedly set to drop $2.5 billion for the company.



GoDaddy is the most popular site for commercial and private users to register domain names, and has regularly had Super Bowl commercials, which cost over $2 million per 30 second spot.

The company has been up for sale since September, but there were no bids forthcoming.

Reuters notes that private equity deal flow is up 42 percent so far in 2011.

Written by: Andre Yoskowitz @ 24 Jun 2011 13:53
Tags
acquisitions GoDaddy KKR
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  • 1 comment
  • LordRuss

    Anybody remember when a $1 billion used to impress people? I think that was Howard Hughes. Now, this company can't sell for 2.5? It's not like I have it, but just saying. Gotta hurt.

    http://onlyinrussellsworld.blogspot.com

    24.6.2011 20:12 #1

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