KKR and other joint acquisition of the world's largest domain registrar godaddy

Source: Internet
Author: User
Keywords Domain registration Kkr godaddy the world's largest
US Internet domain name registration company GoDaddy Sina Science and technology Beijing Time July 2 Morning news, the United States Internet domain name registration company GoDaddy Group announced in Friday, will accept the United States private equity investment company KKR, Silver Lake Capital (Silver)  and Marvell Crossover Ventures (hereinafter referred to as "TCV") of the takeover offer.  None of the companies disclosed the transaction price, but people close to the situation said the deal amounted to about $2.25 billion trillion, half of which was debt. GoDaddy CEO and founder Bob Parsens said: "We will work with KKR, Silver Lake Capital and TCV, because they have technical expertise, and understand the internet business." In addition, the valuations they give meet our requirements. "Parsons will remain the largest single shareholder and CEO of the site, but the private equity firm will become a joint holding shareholder," the person said.  Parsons eventually plans to step down as CEO and executive chairman, but will remain closely involved in the company's operations. GoDaddy.com is the company's main network asset and the world's largest domain registrar. The website also sells E-commerce, security and other services to individuals and businesses.  GoDaddy monthly charges to users, thereby gaining a stable cash flow, which has become the main reason for attracting private equity investment companies.  The investment company plans to lead GoDaddy into the next growth phase, including overseas expansion and finding the right acquisition target, said Parsons. He said: "I am just a person, I can only lead the company to this extent." Since we spend most of our time on our main business, we have a narrower geographical area and we don't see the possibility of mergers and acquisitions. We need a friend's recommendation and help. "GoDaddy was founded in 1997, and in the" Super Bowl "(Super Bowl) rugby tournament and other large-scale activities posted advertising. Last September, media reports said the company had hired investment bank Qatalyst to help it find potential buyers. (PEI)
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.