GoDaddy sold to Silver Lake, KKR, and TCV for $2.25 billion

[nYXem]

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GoDaddy Group Inc., a closely-held company that registers Internet domain names, agreed to be bought by private-equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures.

Click here to read more or just Google it.

By the way, its been some time, but didn't see a thread here yet, didn't you guys know?

 

[techdaemon]

thanks for the heads up. i did not know.

 

[JadI]

why would they sell such a company , it generates Millions dollar or more monthly

 

[JadI]

+ its not sold it says they're partnering
We are partnering with KKR, Silver Lake and TCV because of their technology expertise, their understanding of web-based businesses and because their values align with ours,” GoDaddy Chief Executive and founder Bob Parsons said in a press release.

 

[nEw_boY]

^earn the profit of few year with that & sleep tight without any problem.

 

[JadI]

+ its not sold it says they're partnering
We are partnering with KKR, Silver Lake and TCV because of their technology expertise, their understanding of web-based businesses and because their values align with ours, GoDaddy Chief Executive and founder Bob Parsons said in a press release.

 

[nYXem]

Yes right. Actually some sources say its sold, some say its a strategic partnership deal.