New York Post says web hosting and domain giant may be sold for over $1 billion.
The New York Post is reporting that Henry Kravis’ KKR is leading a group that is trying to buy Go Daddy for over $1 billion in a leveraged buy out. Bloomberg BusinessWeek reports the deal is in the $2B range.
A Go Daddy spokeswoman told the New York Post “”We’ve heard rumors like this before and when there’s something happening we will comment” and KKR said it doesn’t comment on rumors.
I suspect Go Daddy is always entertaining offers, but this sounds more advanced than that. Of course, neither party that really knows will comment.