Sunday, October 31, 2010

Go Daddy takes itself off auction block, report says

Race-car driver and brand representative Danica Patrick can breathe a sigh of relief.

A report in the Wall Street Journal this week says GoDaddy.com is off the auction block.

In early September the Web hummed with reports that the Scottsdale-based Internet domain registrar had hired San Francisco-based Qatalyst Partners to find a buyer. And while there were private equity firms interested, according to the report, Go Daddy had second thoughts and took itself off the market. There was enough interest to meet Go Daddy's asking price of $1.5 billion to $2 billion, according to the newspaper.

A spokeswoman said Tuesday that the company would not comment on rumors.

GoDaddy.com is the flagship company of Go Daddy Group Inc. Founded in 1997 by owner Bob Parsons, Go Daddy Group says it has more than 43 million domains under management.

by John Yantis The Arizona Republic Oct. 27, 2010 12:00 AM




Go Daddy takes itself off auction block, report says