Feeds

Go Daddy on the block for $2.5bn

Going once, going twice ...

SANS - Survey on application security programs

Domain names and web hosting provider Go Daddy is reportedly on the verge of being acquired by private investors for up to $2.5bn.

The New York Post reported that a group led by Silver Lake Partners and KKR & Co plans to buy the closely held company for $1bn. The Associated Press later put the price tag at between $2bn and $2.5bn.

An official announcement of the deal could come as soon as tomorrow, these reports said.

Based in Scottsdale, Arizona, Go Daddy has sold more domain names than any other company and owns about half of the market, as well as good-sized chunks of the web hosting and SSL spaces.

The company has approaching 50 million domain names under management and has issued about 500,000 active SSL certificates.

It is best known in the US for its saucy TV commercials, which often featured busty models in skimpy clothing, as well as for the antics of its ever-quotable CEO, Bob Parsons, who's a regular talking head on cable news programmes.

Go Daddy filed to go public in 2006, but withdrew its IPO at the eleventh hour due to poor market conditions, accounting frustrations, and because Parsons said he found the pre-offering quiet period "suffocating".

It was also rumoured to be on the auction block in September last year, with a price tag around the $1bn mark, but those talks did not immediately result in a deal.

Go Daddy is likely to be in great demand over the coming years, given the forthcoming expansion to the domain name system approved by industry overseer ICANN last Monday.

Due to its huge market share, competition for shelf space in Go Daddy's store will be fierce among new domain registries, a situation ripe for exploitation. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.