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Thread: GoDaddy Bought By KKR, Others

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    iowadawg's Avatar
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    GoDaddy Bought By KKR, Others

    GoDaddy Group Inc., a closely-held company that registers Internet domain names, agreed to be bought by private-equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures.
    The companies declined to provide a purchase price, but people familiar with the matter said the deal is worth $2.25 billion, roughly half of which is debt.
    "We are partnering with KKR, Silver Lake and TCV because of their technology expertise, their understanding of web-based businesses and because their values align with ours," GoDaddy Chief Executive and founder Bob Parsons ...

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    Franc Tireur is offline Senior Net Builder
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    Go Daddy sold in a deal valued at $2.25 billion

    Go Daddy Group Inc. has been sold to a group of private equity firms in a deal valued at $2.25 billion. The purchase, which includes assumption of the company's debt, was announced Friday afternoon by Go Daddy and the group of firms, made up of KKR & Co., Silver Lake Partners and Technology Crossover Ventures.
    Go Daddy sold in a deal valued at $2.25 billion - latimes.com
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    Andy101 (4 July, 2011)

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    The purchase, which includes assumption of the company's debt
    I wonder, what does that mean? Every US Business News bulletin that I read seems to include some statement that makes no sense to me. I guess it means that GoDaddy is losing money i.e. not currently profitable?

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    iowadawg's Avatar
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    Has anyone seen GoDaddy's stupid television commercials? It's some race car driver talking about domain names... (like most people who watch TV even know what those are...)
    Then it says something about going online and 'Web Content Unrated' - always came off as some sort of weird 'sex sells' tactic.

    With morons who develop this garbage in the marketing department, it's no surprise they're in debt.

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    Franc Tireur is offline Senior Net Builder
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    Quote Originally Posted by iowadawg View Post
    Did this one before you did.
    GoDaddy Bought By KKR, Others
    Sorry about that I did not see yours, perhaps we can merge the thread to yours Iowadawg

    ---------- Post added at 10:48 AM ---------- Previous post was at 10:45 AM ----------

    Quote Originally Posted by Kovich View Post
    Has anyone seen GoDaddy's stupid television commercials? It's some race car driver talking about domain names... (like most people who watch TV even know what those are...)
    Then it says something about going online and 'Web Content Unrated' - always came off as some sort of weird 'sex sells' tactic.

    With morons who develop this garbage in the marketing department, it's no surprise they're in debt.
    You mean like this one: YouTube - ‪UNCENSORED GoDaddy SuperBowl TV Commercial - Hilarious!‬‏

    LOL
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    I don't get why does a domain name company even need TV ads, especially ones that don't really explain anything about domain names while distracting people with sex marketing. Seems like a waste of money they apparently don't have.

    On the other hand, GoDaddy.com does sound a little like a porn site. If they're aiming at male audience with that though, they're probably getting a lot of irrelevant, not to mention disappointed traffic. Plus, their site was always too busy and confusing.

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    Godaddy girls justify the price.

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    bogart (5 July, 2011)

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    Quote Originally Posted by Shenron View Post
    Godaddy girls justify the price.
    Godaddy girls and Victorica Secret models (inside joke)

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    The companies declined to provide a purchase price, but people familiar with the matter said the deal is worth $2.25 billion, roughly half of which is debt.
    I didn't know that GoDaddy was bleeding money like this. That is a lot of debt.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


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