GoDaddy.com Putting Itself Up For Sale
Domain name registration and web hosting company GoDaddy.com is putting itself up for sale. GoDaddy could sell to a private equity firm for over $1 billion according to a report.
Qatalyst Partners is working with the Go Daddy Group, parent company of GoDaddy.com to be sold. GoDaddy is known for racy television ads. GoDaddy is an attractive option because they make a lot of money from monthly subscriptions.
GoDaddy made between $750 and $800 million in 2009 revenue. Some people expected GoDaddy to go public years ago, but the deal never took place. This past year Register.com was sold to Web.com by P.E. firm Vector Capital for $135 million.
[CNET]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry