Recent reports have revealed that the world’s most popular domain marketplace has been sold for 2.25 Billion US Dollars. Could this mean that registrants should consider packing their domains out from GoDaddy? Let’s find out.
Well, it is undeniable that most of us were shocked about the report. To think of, GoDaddy has been doing great on its sales. In fact, most of the site owners have stated that they’ve been buying at GoDaddy mainly because of its outright support and affordable domains.
But GoDaddy did state that the aforementioned transaction was not meant for a sale. Instead, it is a reinvestment that will allow the company to pay its debt. Apart from this, it has also been told that the company is now owned by three private equity firms and that’s the KKR & Co., Technology Crossover Ventures and Silver Lake Partners.
Despite of the transition, the company still hopes to pursue its projected growth trend. It has also been stated that Bob Parsons will serve as the executive chairman and will still own the majority of the shares.
And though there may be some changes, the popular domain marketplace will still continue to serve its customers and resellers. And, you will no longer have to worry about saying goodbye to your favorite GoDaddy girl!
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Tags: godaddy bought by kkr, godaddy ceo bob parson, godaddy debt, godaddy sold, godaddy sold price
