Biggest domain name company transaction ever announced just before the U.S. holiday.
The Friday before a holiday weekend is usually a slow news day. But I heard some whispers Friday that Go Daddy was going to make a big announcement, hence my tweet around noon.
Indeed, a few hours later Go Daddy announced that it took an investment from KKR, Silver Lake, and Technology Crossover Ventures.
I talked with GoDaddy founder Bob Parsons Friday evening. Since most of my U.S. readers were already off drinking beer and buying fireworks, here’s a quick recap of what he told me. You can read the full details here.
-If you include options, Parsons owned 78% of the company and employees owned about 22%
-36 people will gross $1M+ from the transaction
-Parsons is still the largest single shareholder in the company
-Warren Adelman was promoted to CEO and Parsons will now chair the board