- Posted by Jordan
- 25 June 2011
According to Mashable, online domain registrar Godaddy have been looking to sell their company since September 2010 and so far have attracted three interested parties in what would be a $2.5 billion purchase.
Godaddy are thought to be the biggest domain registrar of domain names on the internet and it seems that they are now looking to cash out of the market with a proposed sale thought to be worth billions of dollars.
The story has been a pretty closed one of late but the Wall Street Journal have announced that the sale of the company could well be done within the next 7 days, claiming that KKR & Co, Silver Lake Partners and Technology Crossover Ventures are hot in the running to purchase the domain company and brand associated with it.
According to the reports, Godaddy were thinking about accepting a $1 billion offer back in September 2010 but opted to hold out for more and it seems that their resilience may well just be about to pay off, awarding their patience with over double that amount.
Godaddy have become a globally recognised brand but has had it’s fair share of negative exposure following a number of ‘too hot for tv’ advertisements as well as a leaked video that showed Godaddy CEO Bob Parsons apparently shooting an elephant during a visit to Zimbabwe.