Web Host Go Daddy Gets Investment from KKR Silver Lake

Posted by: Admin  :  Category: Web Hosting News

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(WEB HOST INDUSTRY REVIEW) — Coming shortly after rumors the company was about to be sold, web hosting provider Go Daddy (www.godaddy.com) announced late on Friday, in a statement posted to its website, that it had “signed a definitive agreement to receive a strategic investment and enter into a partnership with KKR, Silver Lake and Technology Crossover Ventures.”

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Details of the investment were not disclosed, however rumors published last week by Bloomberg, the Wall Street Journal and others, which called the deal an acquisition, and identified KKR and Silver Lake as buyers, put the price tag for the company between $ 2 billion and $ 2.5 billion.

A Friday report by Reuters also referred to Go Daddy being “bought,” for $ 2.25 billion, including debt.
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