General Gaming Article

General Gaming Article

Report: GoDaddy on Verge of Being Acquired for Over $2 Billion

Posted: 26 Jun 2011 08:27 AM PDT

Back in September, The Wall Street Journal reported that the world's premier domain registrar GoDaddy had put itself on the block. The paper seems to enjoy a monopoly over news relating to the possible sale of the privately held domain registrar and web hosting company. It is now reporting that the GoDaddy Group is on the verge of being acquired for as much as a whopping $2.5 billion.

According to the paper's sources, acquisition talks between the Internet company and a troika of investors, KKR & Co., Silver Lake Partners and Technology Crossover Ventures, could yield a deal as early as next week. The report suggests that a deal, if there is one, could be worth anywhere between $2 billion and $2.5 billion.

Honestly, we did not bother any of the parties named in this matter for comments, because invariably companies on the verge of a huge deal don't comment on rumors or speculation. However, we are trying to get through to African elephants, given their keen interest in GoDaddy CEO and founder Bob Parsons.
Posted by Shri Krishna

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