GoDaddy.Com, worlds largest domain registrar sold to three different private equity firms with the total deal value of $2.25 billion according to company recent announcement late friday.
As a report predicted last week, private equity firms like KKR & Co., Silver Lake Partner and Technology crossover venture made a deal in which they agreed to pay all the debt under GoDaddy pocket and they also indicated that they will buy GoDaddy around 2 billion dollars.
According to Bob Parsons the CEO of GoDaddy the business will get more higher ranking to find it’s dedicated market without any tough competition inder it’s new ownership and team. In an interview organized by New York Times Bob said that these new guys have seen a lot of business potential in GoDaddy current international client holdings and ofcourse they will help the company financially and to recruit higher talent.
Company registered a very high volume of users by proving value no one can even think about and that’s the reason behind they made 25% business growth and collected around $947 million in the FY 2009-10 and set their goal to make more than $1.1 in the current year of business 2011.