GoDaddy Sells To Investor Group 96
wiredmikey writes "Domain name registrar and Web hosting provider GoDaddy, announced it has agreed to receive a strategic investment from private equity firms KKR, Silver Lake and Technology Crossover Ventures. The terms of the transaction were not disclosed, but the Wall Street Journal reported people familiar with the deal saying it could be worth approximately $2.25 billion. The Scottsdale, Arizona based company which has built its marketing around scantly-clad women, manages more than 48 million domain names."
meh (Score:2, Interesting)
as an employee -- i cringe to see how our "Unique Corporate Culture" will come crashing down around us. Does this mean no more "Mario-Cart" during our breaks?
Cashout Before Burst (Score:5, Interesting)
Re:Cashout Before Burst (Score:5, Interesting)
It's KKR.
The barbarians are at the gate.
They will pile the company, emit dividends with wherever cash there's in the company, mass layoff employees, break it up in separate divisions and sell it.
GoDaddy Girls (Score:5, Interesting)
Always respected GD because... (Score:5, Interesting)
To my knowledge they were one of the very few SSL providers which immediately revoked (and redistributed) every SSL certificate made with openssl when the Debian SSL disaster struck in 2008.
And well; coming from Europe I have to say that the continuous examples as to how prude the US actually is always makes me chuckle. The banned superbowl commercials for example; when looking at those I often have a hard time understanding what the fuss is all about.