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.
GoDaddy was rumored to be on the block last year but then later pulled out of the process.
I suspect Go Daddy is always entertaining offers, but this sounds more advanced than that. Of course, neither party that really knows will comment.
Rob Monster says
I think the rumor is legit though the price tag is allegedly $2 billion, which I think more accurately reflects fair market value versus the earlier failed $1 billion bid.
If this deal goes forward, it is a huge development for the industry and further validation from very savvy investors that the domain name asset class is maturing into a story that will go mainstream.
Henry Kravis is one of the most financially and politically connected people on the planet.
Joey Starkey says
I use GoDaddy because it just makes sense. But i hope that they do a little to follow the rules. Oh yeah they could chill out on the being a bully too.
2 Billion is quite a few bucks by the way.
Same story, new year…
3 Pound Hammer says
Man….I hope they don’t change a thing.
If they do, I’m looking elsewhere for better opportunities/services.
Say goodbye low prices if this happened.
It will be good news for other registrars looking to cut into GD’s market share.
M. Menius says
GoDaddy has shown itself to be steady over many years, with contually increasing revenues. So from a public perspective, the company looks good on paper. For me, it’s sad in that the same old pattern plays out over & over again as a small company moves from moderate to large. Customer service always inversely proportional to the size of the company.
Same with Time Warner, from good to worse to terrible. Is this an American thing by chance?