Godaddy sold to KKR & Co. in deal valued $2.25 billions

Discussion in 'Off Topic Discussion' started by sigma, Jul 3, 2011.

  1. sigma

    sigma
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    GoDaddy, the world’s largest domain registrar, has been sold to three private equity firms in a deal valued at $2.25 billion, the company announced late Friday.

    As a report predicted a week ago, private equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures sealed the deal, where they agreed to take on GoDaddy’s debt (update: which the Wall Street Journal says amounts to roughly half the value of the deal). That earlier report indicated the company would be sold for between $2 billion and $2.5 billion.

    Company founder and CEO Bob Parsons predicted further growth of GoDaddy under its new ownership. He said to the Los Angeles Times, “What these guys see is a company with a lot more potential internationally and more potential to make partnerships and acquisitions. They’ll help us finance and they’ll help us recruit talent.”

    GoDaddy, known for its sexy Super Bowl ads and controversial CEO with a penchant for elephant killing, has seen significant growth over the past three years, with sales rising by 25% to $947 million from 2009 to 2010. The company projected growth for 2011 to continue that trend, quoting a figure of $1.1 billion for the year.


    Source: http://mashable.com/2011/07/02/godaddy-sold/


    Another big deal on this year, $2.25 billions is very good deal for godaddy
     
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  2. Fergal

    Fergal
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    Well done to Bob Parsons, he has taken the company to an extraordinary level of success and undoubtedly amassed a huge personal fortune in the process. I've moved a lot of domains away from GoDaddy in the last year, because I find their site quite user-unfriendly. I wonder if many other customers have done the same or will do the same in the future.
     
  3. GekiDan

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    How will this affect our domains?

    @Fergal, moving to a new registrar?
     
  4. Fergal

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    I've moved most of my domains to NameCheap GeikiDan. Personally I find their site much more user-friendly and their prices are also very good.
     
  5. sigma

    sigma
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    Namecheap is one of the best, I move from godaddy to namecheap on year 2008, and use namecheap hosting too. Very satisfy with their service
     
  6. GekiDan

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    How long does it take to move the domains? Is it really advisable to move?
    I'm just worried it might affect the readers of my site.
     
  7. Jerlene

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    Oh wow I didn't know that they finally sold it. They were in talks with a few different people and companies for a while now. Great to see them settle on one. I hope the new guys keep the great promo codes coming out often.
     
  8. sigma

    sigma
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    They are actually plan to sell it, just the price they expect is high (their expectation is 2.5billion). Therefore, the deal not success with few people due to the price. And finally, They get a buyer (KKR) willing to buy it with the price close to their expectation, then deal
     
  9. Fergal

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    It can take a couple of days for the transfer to complete, but you don't lose ownership of the domain at any time, you are merely transferring it from one of your accounts to another one of your accounts.

    If you are happy with GoDaddy, I really don't feel that you need to move. I moved simply because I find the GoDaddy system very user-unfriendly.

    It shouldn't affect them at all, in fact there shouldn't be any downtime and your readers shouldn't even notice the change. The DNS settings on your domain should transfer with the domain, hence you have no downtime.
     
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  10. GekiDan

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    Thanks for that Fergal. I still haven't got any experience on Namecheap's user interface so I'll think this over.
    Maybe I'll try them first before moving.
     
  11. sigma

    sigma
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    Comparing godaddy and namecheap, namecheap are much easy to use
    If you know how to manage at godaddy, you have no problem with nsmecheap
     
  12. GekiDan

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    I see. Guess I'll take a look at namecheap first. :thumbsup:
     
  13. sigma

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    always googling for the coupon code before you purchase anything from namecheap, it saves you much money
    at the same time, now namecheap do offer $1.99 domain name if you join their facebook
     
  14. GekiDan

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    That's cool. Do they also have monthly coupon codes?
     
  15. sigma

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    yes, but coupon mainly on new domain, domain transfer or hosting.
    they are offering coupon for renewing domain as well but this is only once or twice per year
     
  16. Jerlene

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    That's not true. They have a lot of coupon codes for renewals. They may not be renewal-specific but they will also work for renewals.
     
  17. GekiDan

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    Oh I see.

    What do you mean by that? Some coupon codes can also work out with renewals?
     
  18. Jerlene

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    Yes, some coupons will work for renewals as well.
     

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