Greatresponder.com – 2011-06-25 – Web hosting giant and most popular domain registrar Go Daddy is very close to being acquired by private equity companies KKR & Co and Silver Lake Partners for between $2 billion and $2.5 billion, according to several well trusted reports on Friday.
At this point of time, the deal has not been approved by either party. Reports on the Wall Street Journal and Reuters say a source close to the matter has said the deal could close as early as next within week.
Go Daddy initially shopped around for buyers in September 2010, but Bloomberg says the company was looking for a higher evaluation. In September the number sat around $1 billion.
Bloomberg says that the web hosting giant and most popular domain registrar Go Daddy is an attractive buy because its primary customer base is small businesses, a market that has seen tremendous growth in the past few years.
Go Daddy is arguably the most well-known domain registrar and web hosting company outside of the hosting industry, as its wide-reaching marketing campaigns anchored by flashy Superbowl commercials and spokeswomen including race-car driver Danica Patrick and personal trainer Jillian Michaels of Biggest Loser fame.
Recently, reports surfaced that say Go Daddy is set to launch its cloud web hosting service in July or August. This move could noticeably increase its customer base even more as consumers look for ways to release first class cloud computing infrastructures for their small businesses.
If this deal went through, it should be the largest acquisition of a web hosting provider and domain registrar.
GoDaddy web hosting company hosts over 46 million domain names under management, which is more than any other registrar by far. So, GoDaddy is a largest domain providers in the world. GoDaddy web hosting and domain registrar company was founded in 1997 and is headquartered in Scottsdale, Arizona, US.