Private Equity Firms Team Up to Buy GoDaddy for $2.25 Billion

Posted on July 6, 2011

The Wall Street Journal is reporting that three private-equity firms - KKR & Co., Silver Lake Partners and Technology Crossover Ventures - joined forces to acquire the GoDaddy Group, Inc. The company is best known for its GoDaddy.com domain registrar, which has been offering low-priced domains for the past several years.

The International Business Times says an official from Silver Lake says the GoDaddy's competitive pricing will continue. GoDaddy's elephant shooting owner Bob Parsons - dubbed as wacky by the WSJ's Deal Journal - will remain chief executive, but may transition to executive chairman in time.

ESPN is covering the Danica Patrick angle. They say Danica's deal with GoDaddy will continue. Fox Sports on the other hand says the sale could affect Danica.