Wall Street Journal: Go Daddy to be Sold for $2.5 Billion
Scottsdale-based Go Daddy, the largest registrar for domain names in the world, is reportedly about to be sold for $2.5 billion.
The Wall Street Journal cites "people familiar with the matter" as saying the company is close to a deal with private equity firms KKR & Co., Silver Lake Partners, and a third, unnamed investor.
Go Daddy's rumor-confirmation department could not be reached for comment this morning.
From the WSJ:
An announcement of the sale could come as early as next week, although a deal hasn't been signed yet and the people cautioned that an agreement may not be reached.
Private equity and venture capital firm Technology Crossover Ventures is also a minority investor in the proposed deal for Scottsdale, Ariz.-based GoDaddy, one of the people familiar with the matter said.
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Go Daddy, known for its racy Super Bowl ads, is responsible for tricking America into calling comedian Joan Rivers "hot." More on that here.
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