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GoDaddy seeks $1bn buyer

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GoDaddy, the web hosting and domain sales firm, is reportedly up for sale and seeking private equity bids of more than $1bn.

The Arizona-based outfit, best known for its smutty adverts during the Super Bowl, is being shopped around by Qatalyst Partners, the Wall Street Journal said.

Qatalyst Partners, run by investment banker Frank Quattrone, recently advised 3PAR during Dell and HP's bidding war.

GoDaddy reportedly had sales of between $750m and $800m last year. It's currently privately-held by Bob Parsons, an outspoken, gun-toting ex-US Marine. Earlier this year it was rumored he would take his firm public.

Quattrone founded Qatalyst Partners after his 2004 conviction for obstructing an investigation into dodgy dotcom-era IPOs was overturned. ®

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