According to a story just published by The Wall Street Journal, GoDaddy.com, a website that registers Internet domain names and is known for its intriguing, because of their raciness, commercials has put itself for auction.
GoDaddy.com is no one trick pony, however. The company also sells e-commerce, security and other services to individuals and businesses in need of managing their online presence. Financial records indicate the company posted revenue between $750 million and $800 million in 2009.
With the domain registration successes and other services, those familiar with the sale indicate the auction of the site could result in a sale exceeding more than $1 billion.
Technology banker Frank Quattrone who runs Qatalyst Partners, has seen his firm selected as the party to execute the sale of Go Daddy Group Inc. which runs the world’s largest domain name registrar.
Who’s expected to try to acquire the company? According to WSJ, “Private-equity firms are expected to bid for the company, which currently has more than 43 million domains under management.”
Are you a GoDaddy.com customer? What services do you use? Your prediction on the final sale price?
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