Go Daddy announces it has entered financial, strategic partership at estimated $2.25 billion value
Photographer: Getty Images
Copyright Getty Images
Posted: 07/01/2011
SCOTTSDALE, AZ - Scottsdale-based company Go Daddy Group, Inc. announced Friday it signed a definitive agreement to receive strategic investment from and enter into partnership with three other companies.
Financial terms of the transaction between Go Daddy, KKR, Silver Lake and Technology Crossover Ventures were not disclosed.
However, this announcement comes amid talk that the company would sell for $2.25 billion , according to the Wall Street Journal.
"I've always said we would make a move like this when the right deal with the right partners could help us do the right thing for our customers and our employees," Go Daddy CEO and Founder Bob Parsons said.
GoDaddy.com is the flagship company of The Go Daddy Group, Inc. and is the world’s largest registrar for domain names. It was founded in 1997.
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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