GoDaddy.com For Sale, May Fetch $1 Billion

GoDaddy.com, the popular website registrar famous for its raunchy Super Bowl ads that feature scantily clad women, is for sale, according to The Wall Street Journal, which first reported the news late Friday.

The sale of Go Daddy, which currently registers 43 million Web domains, could fetch $1 billion, the paper reported, citing "people familiar with the matter."

A Go Daddy spokesperson declined to comment, and would not immediately confirm or deny the report.

The Journal
said that Qatalyst Partners, which is run by Frank Quattrone, has been hired to shop Go Daddy. Quattrone, of course, is the former star technology investment banker who was charged with obstruction of justice in a federal probe of the IPO practices of banking giant CSFB, only to be largely exonerated later. He has since experienced a career renaissance of sorts with Qatalyst.

Outspoken Go Daddy owner Bob Parsons has been a colorful presence in the corporate world over the last decade, hiring race car driver Danica Patrick, and airing provocative Super Bowl ads. It's unclear why Parsons has chosen to sell now, other than the obvious: the potential for a very big financial windfall.

The paper says Go Daddy had sales of between $750 million and $800 million in 2009, citing people familiar with the matter.


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Mike

wonder how much 'danica'' will get out of the deal,she's the one who put go.daddy on the map and made it what it is today..

September 11 2010 at 6:35 AM Report abuse rate up rate down Reply
1 reply to Mike's comment
Hostingcore.com

ya , she is the whole company, she wrote the backend scripting, she built it up from the ground up. Come on man, she is a damn paid spokesman , she isnt anything except a paid mascot.

September 11 2010 at 5:06 PM Report abuse rate up rate down Reply