The largest Domain Name registra is reportedly up for sale for an estimated $1 billion and currently looking for a private sale. The Wall Street Journal has reported that Go Daddy is being shopped around by Qatalyst Partners.
The sale that has yet to be confirmed has taken most by surprise as a private sale may only produce a small return compared to a publicly traded stock offering.
In addition to registering domain names, GoDaddy.com sells e-commerce, security and other services to people and businesses looking to manage their online presence.
GoDaddy reportedly had sales of between $750m and $800m last year and is currently owned by Bob Parsons who founded the company back in 1997.
Via Techno Buffalo
Filed Under: Technology News