I have an idea that a good part of the debt is the fact that they buy domains from icann in very damn huge numbers to always have a huge inventory.
A lot of domain sellers just buy domains (not the actual names) as they need them from icann.
Now the tv commercials?
They are what made godaddy a household and internet name when it comes to domains.
Same with their NASCAR participation with Dana Patrick.
People, it is called BRANDING.
Godaddy though is looking at more than selling domain names.
You watch, they will really start pushing hosting, servers, etc.
That is where the money is.
Say what you will, godaddy is a heavy hitter in the domain industry.
And they want to be a heavy hitter in hosting, etc.
According to Godaddy, Parsons will not have the majority of stock (eg: 51%), but will end up having more stock than any other single entity having stock. What % that is, they did not say.
Basically the investors paid to eliminate the debt and to finance future growth.