Original URL: http://www.theregister.co.uk/2010/09/13/godaddy_sale/
GoDaddy seeks $1bn buyer
Superbowl smut-monger touted about
Posted in Broadband, 13th September 2010 13:04 GMT
Watch Now : Virtual Machine Movement with Hyper-V
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 [1].
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 [2], 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. ®