Go Daddy, an Internet domain registrar, is sold

Jul 02, 2011 By JORDAN ROBERTSON , AP Technology Writer

(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 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.

Explore further: Google hits back at rivals with futuristic HQ plan

3 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

KKR, Silver Lake near deal on Go Daddy

Jun 24, 2011

(AP) -- Go Daddy, the domain-name registration company known for its racy Super Bowl ads, is close to being bought by two private investment firms for up to $2.5 billion, according to a person close to the deal.

Another US Internet company pulls back in China

Mar 24, 2010

(AP) -- Two U.S. companies that sell Internet addresses to Web sites said Wednesday they had stopped registering new domain names in China because the Chinese government has begun demanding pictures and other identification ...

Sex.com domain name on sale

Jul 01, 2010

The world's "most valuable" Internet domain name, sex.com, went up for grabs on Thursday having fetched 12 million dollars in 2006, a German firm handling the sale said Thursday.

NJ man is first to be charged with Web name theft

Aug 03, 2009

(AP) -- A northern New Jersey man is charged with stealing a prime piece of Internet real estate and reselling it to basketball player Mark Madsen in one of the nation's first prosecutions of a suspected domain name thief.

74,000 .eu domain names suspended

Jul 24, 2006

At least 74,000 domain names ending with .eu have been suspended for abusive behavior by a group that controls the name.

Recommended for you

Google hits back at rivals with futuristic HQ plan

Feb 27, 2015

Google unveiled plans Friday for a new campus headquarters integrating wildlife and sweeping waterways, aiming to make a big statement in Silicon Valley—which is already seeing ambitious projects from Apple ...

Ericsson sues Apple over patent violations

Feb 27, 2015

Swedish telecoms group Ericsson announced Friday a lawsuit against Apple claiming that the US tech giant continued to use its technology in iPhones and other wireless devices after refusing to renew a licencing ...

Stock market shrugs off net neutrality vote

Feb 27, 2015

(AP)—The stock market largely shrugged off the Federal Communications Commission's vote to impose tougher rules on broadband providers like Comcast, Verizon and AT&T to prevent them from creating paid fast lanes for the ...

Judge orders suspension of WhatsApp in Brazil

Feb 26, 2015

(AP)—A judge says he has ordered the suspension of the globally popular instant messaging system WhatsApp across Brazil because it has allegedly failed to help in an investigation.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

ThanderMAX
not rated yet Jul 03, 2011
Why ????

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.