GoDaddy.com puts itself up for sale
 

GoDaddy.com puts itself up for sale: report
Reuters

SAN FRANCISCO (Reuters) ? Internet domain name registry GoDaddy.com has put itself up for sale, the Wall Street Journal reported on Friday.

The privately held company could fetch more than $1 billion in an auction, the report said, citing people familiar with the matter.

GoDaddy has hired investment bank Qatalyst Partners, the Journal reported. Private equity firms are expected to bid.

The company declined to comment.

GoDaddy is the world's largest domain name registrar. The company was founded by Bob Parsons in 1997, and says it has more than 43 million domains under management.

The company posted revenue between $750 million and $800 million in 2009, the report said.

GoDaddy has made a name for itself by running racy television ads to promote its brand, some of them featuring race car driver Danica Patrick.

(Reporting by Alexei Oreskovic and Gabriel Madway; editing by Gunna Dickson)

http://news.yahoo.com/s/nm/20100910/wr_nm/us_godaddy

They are getting out in the worst economic market possible. Kind of weird but if Parsons can turn his $64 million investment (estimated as that is how much he made selling his tax software to inuit) into a billion in 13 years more power to him.

Wow!!!!!

respect.

Will be kind of funny...someone with a gob of money will become the king of the domain industry more or less considering how much market share they have in registrations and what they leverage that into. Oversee, Demand, and Netsol wish they could club Parsons over the head and take GoDaddy somehow. :P

ditto ditto and triple ditto

yeah timing seems bad, but a billion dollars sounds good. :2 cents:

I'll consider it send me the stats and screenshots of earnings.

We'll open up the bidding at $9.

That's "nine dollars" folks.

$10 with a discount coupon

look its digifan!

My concern here is what happens if Godaddy sells! what if the new owners reinvent godady and deny adult usage??? OMG the work, the stress!!

Haters can hate but I love GoDaddy.

Well this explains why all of a sudden this year they've been having .99 domain sales seemingly every month. In the past they might have done it once a year. Obviously they were trying to build up their total registrations to be able to better market themselves to a prospective bidder.

I agree with lazy.. makes total sence bump up your customer base then sell..
And Big im with you on that!! 24/7 support and now they have virtual dedi servers cheap so why bother with anyone else!

i will buy it with private investors form st.kitten bank

i wish namecheap has investment funds to buy them and make them top notch. this company is slow as shit and the way they treat customers reminds me of paypal...

My only gripe is the initial sales calls I received when I first started using them. A quick email to customer support put an end to that shit though. Now I spend hundreds every month on renewals and new registrations and I've never had a single problem.

their rich no matter how much you hate them.

a good scheme , that seemed to have worked:thumbsup

GoDaddy is OK, I can't say much bad about them.