GoDaddy, the top registrar and market leader of internet domain names, was sold to a group of private investment firms for a reported $2.25 billion. The deal with Silver Lake, KKR and Technology Crossover Ventures was an opportunity CEO Bob Parsons has been looking forward to. Due to their web-based business expertise and similar values, he is certain the deal will take GoDaddy to the next level. The deal should accelerate international growth while benefiting both customers and employees.
Due to expanding internet use and website creation, GoDaddy expects to exceed $1.1 billion in revenue this year. The website manages more than 48 million domain names and sells other internet-related technologies. Over the last 10 years, the company rose to the top through low pricing and a large amount of advertising.
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