2 July, 2011, 01:19 AM
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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