Beijing on July 2nd news, according to foreign media reports, the U.S. Internet domain name registration company GoDaddy Group has agreed to private Holdings Company KKR & Co (Silver Lake Partners, Silver Lake Partners) and Technology Crossover Ventures (TCV) acquisition agreement.
the company did not disclose the purchase price, but according to informed sources, the specific purchase price of $2 billion 250 million, accounting for about half of the debt.
GoDaddy founder and CEO Bob – Parson (Bob Parsons) said in a statement: "we will work with the KKR, Silver Lake and TCV cooperation, because they have the relevant technical experience, they understand the network business, and their valuation is also consistent with our."
Informed sources said Parson,
will remain the largest single shareholder and CEO of GoDaddy, but private Holdings Company will become the controlling shareholder of the joint. According to the plan, Parson will be the final transition to the executive president of the CEO, but he can still participate in the management of the company.
as the company’s main station, GoDaddy.com is the world’s largest domain name registration website. GoDaddy also sells e-commerce, security and other services to users and businesses to help them manage online transactions. GoDaddy charges a monthly fee to the user, which is a stable source of cash flow, it is also an important factor to attract investment companies.
Parson said in an interview, private equity acquiring company plans to help GoDaddy to enter the next stage of growth, including the expansion of overseas business and find the right acquisition targets.
Parson said: "I’m just a person, I can only let the company to this extent. We have run the company, but our business is still too narrow, we can not see the possibility of acquisition, and we do not have the money to buy. Therefore, we need the guidance of a friend to help us out of difficulties."
Parson founded GoDaddy in 1997, the out of the ordinary advertisement widely known, was undoubtedly the most famous female Racer Danica Patrick (Danica Patrick) as the Go Daddy Girls Super Bowl ad.
last September, GoDaddy has hired Vc firm Qatalyst Partners to help them find potential buyers. At the end of last year, GoDaddy’s sale was shelved. At that time, GoDaddy told potential buyers TPG Capital and General Atlantic’s sales plan has been canceled.
At the same time,
, KKR, and TCV on Silver Lake