GoDaddy sold for $2.25 Billion
GoDaddy was bought by Private equity firms KKR&Co., Silver Lake Partners and Technology Crossover Ventures for $2.25 billion.
Upon the deal, KKR&Co. also agreed to take on Go Daddy’s debt. According to Wall Street Journal, the amount of debt is roughly half the value of the deal.
Further growth of GoDaddy is expected with the new ownership. Founder and CEO of GoDaddy told Los Angeles Times.”What these guys see is a company with a lot more potential internationally and more potential to make partnerships and acquisitions. They’ll help us finance and they’ll help us recruit talent.”
Over the past three years, sales of GoDaddy grows significantly, with sales rising by 25% to $947 million from 2009 to 2010. The company is predicted to continue the trend and grow for 2011.