GoDaddy goes...on sale
By Stela Roman
GoDaddy will be putting itself “up for sale” on the auction block. Qatalyst Partners is the name of the company hired to overlook the auction and find interested parties. It’s mostly expected that private equity firms will be among the organizations seeking to purchase the company for more than $1 billion.
Founded in 1997, GoDaddy holds the domain registrations for around 43 million active domain names under their portfolio, with 2009 revenues listed between $750 million to $800 million. The revenue comes from selling monthly subscriptions and website extras to domain name customers.
Owned by Bob Parsons, this is the biggest domain name registrar on the internet. Godaddy.com services include website hosting, e-mail solutions ,promotional software and tools to build and maintain websites.
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