Go Daddy Acquired For $2.25 Billion
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GoDaddy.com has been acquired by private equity firms KKR & Co., Silver Lake Partners, and Technology Crossover Ventures for a reported $2.25 billion partnership. They’ll also assume the company’s debt.
“What these guys see is a company with a lot more potential internationally and more potential to make partnerships and acquisitions,” Bob Parsons, GoDaddy’s founder & CEO, said. “They’ll help us finance and they’ll help us recruit talent.”
Go Daddy is the largest domain name registrar in the world and is mostly known for its bikini girls Super Bowl commercials. Silver Lake Partners recently sold Skype to Microsoft for $8.5 billion after purchasing it from eBay for a reported $2 billion, two years ago. Technology Crossover Ventures recently led a group of firms on a $135 million investment in Facebook. Silver Lake and KKR worked together in 2005 purchasing Avago Technologies before helping it go public in 2009.
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