Private Equity Group Picks Up Go Daddy For $2.25B

Law360, San Diego (July 1, 2011, 9:51 PM EDT) -- Go Daddy Group Inc., a leading registrar of Internet domain names, was bought by private equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures for $2.25 billion, according to a source familiar with the deal Friday.

Go Daddy said it signed a definitive agreement to receive a strategic investment and enter into a partnership with the private equity group. The transaction remains subject to customary closing conditions.

Bob Parsons, Go Daddy’s CEO and founder, said the company made the deal because of the...
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