September 13, 2010
GoDaddy For Sale
The Wall Street Journal reported on Friday that GoDaddy.com has put itself up for sale.
The Journal reported that the Internet domain name registry could have a price tag of over $1 billion in an auction.The report said, citing people familiar with the situation, that GoDaddy has hired investment bank Qatalyst Partners, and that private equity firms are expected to place bids.
Qatalyst Partners is a boutique firm that is run by technology Banker Frank Quattrone.
GoDaddy is the world's number one domain name registrar with 43 million domains under management. Bob Parsons founded the company in 1997.
The Journal said that in 2009, GoDaddy reported revenue between $750 million and $800 million.
GoDaddy also sells e-commerce, security and other services to people and businesses looking to manage their websites.
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