Friday, 24 June 2011

GoDaddy nearing deal to be acquired for $2.5 billion?



GoDaddy, the world's largest registrar of domain names, might be acquired soon, a new report claims.
Private-equity firms KKR & Co., Silver Lake Partners, and Technology Crossover Ventures are currently nearing a deal to buy GoDaddy for between $2 billion and $2.5 billion, the Wall Street Journal is reporting, citing people with knowledge of the proceedings.
The Wall Street Journal said the deal between the companies could be announced next week, but so far, GoDaddy has not signed a definitive agreement to sell its business to the firms.