• Home
  • Categories
    • Domain Sales
    • Services
    • Domain Registrars
    • Domain Parking
    • Expired Domains
    • We Get It
    • Policy & Law
    • Uncategorized
    • Podcasts
  • About
  • Advertise
  • Disclosures
    • Facebook
    • Google+
    • RSS
    • Twitter
    • YouTube

Domain Name Wire | Domain Name News & Website Stuff

Domain Name Industry News and Website Stuff

Featured Domains

Breaking: Go Daddy Takes Investment from KKR, Silver Lake, and TCV

by Andrew Allemann — July 1, 2011 Domain Registrars 2 Comments

Go Daddy takes investment but doesn’t sell out.

Read my interview with Bob Parsons about the sale here.

Bob Parsons didn’t end up selling the company after all.

But Go Daddy just announced it has entered into a partnership with KKR, Silver Lake, and Technology Crossover Ventures in which the three will make an investment in the company.

There had been rumors that KKR and Silver Lake were in talks to acquire the company for over $2 billion.

It’s interesting that this is being labeled a partnership, but there are a number of reasons this may not have been a full buyout. It may also be that the investment will trickle down to option holders, which would be nice as they’ve been waiting for an exit.

In a press release, company founder Bob Parsons says:

“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,” said Go Daddy CEO and Founder Bob Parsons. “This is it! We are partnering with KKR, Silver Lake and TCV because of their technology expertise, their understanding of Web based businesses and because their values align with ours. We believe, together, we will take the company to the next level, especially when it comes to accelerating international growth.”

Apparently Bob told employees about the investment before the public announcement today.

Share8
Tweet16
Share4
+1
Email
Shares 28

No related posts.

2 Comments

Comments

  1. Nic says

    July 1, 2011 at 11:17 pm

    “…their values align with ours”

    Shame. So no change to the brand values; terrible name, terrible logo, and dreadful (and oh so successful) promotional platform of girls and cars.

    Reply
  2. tabletpcunion says

    July 5, 2011 at 9:29 pm

    Great news for godaddy. And they’ll become more dominant.

    Reply

Leave a Reply Cancel reply



Get the DNW Newsletter – sign up here.

Archives

HostingFacts.com



WHSR Hosting Reviews



Top Stories

  • 01.

    U.S. government asks ICANN to investigate GoDaddy’s Whois policy

    POSTED UNDER Policy & Law

  • 02.

    CIRA wants patent for registry “tag” system

    POSTED UNDER Services

  • 03.

    Vacation.rentals domain name sells for record $500,300

    POSTED UNDER Domain Sales

  • Privacy Policy
  • Disclosures
  • Advertising
© 2005–2018 Domain Name Wire • DNW and Domain Name Wire are trademarks of Brainstorm Labs, LLC