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GoDaddy to be sold for $2.5 billion?

Written by Andre Yoskowitz @ 24 Jun 2011 1:53 User comments (1)

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.

Tags: acquisitions GoDaddy KKR
<UPDATE: The Winklevoss twins just can't let Facebook suit die >Spotify rumor round-up
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1 user comment

124.6.2011 20:12
LordRuss
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Senior Member

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.

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