Oh, my God! I could only say this when I read this news on The Wall Street Journal this afternoon. I wish this could be a fooling of April 4 but it was not. The update was also spread around on the internet from WebmasterWorld to the San Francisco Chronicle.
According to The Wall Street Journal report, GoDaddy posted revenue between $750 million and $800 million in 2009. With this reported news, the auction could fetch up over $1 billion in sale. This could be possible but who would be the next owner after Bob Parson is still a big question.
In 2003 Go Daddy’s revenue was $39.3 million, 2004 was $73 million, 2005 was $139.8 million, 2006 was $240.9 million, 2007 was $349.6 million and 2008 revenue topped $497.9 million. (SecondShares)
Here are some further information from WSJ for your reference:
GoDaddy.com, the closely held website that registers Internet domain names, has put itself up for sale in an auction that could fetch more than $1 billion, people familiar with the matter said.
Qatalyst Partners, the boutique firm run by veteran technology banker Frank Quattrone, has been hired to shop the Go Daddy Group Inc., which runs the world’s largest domain name registrar, these people said. Private-equity firms are expected to bid for the company, which currently has more than 43 million domains under management.
It seems that GoDaddy would follow Register.com, web.com and Network Solutions and get itself owned by a private-equity’s firm.
I myself do not know whether GoDaddy could get itself acquired by new new company or not but it is a big loss for many bloggers including AZBlogTips. GoDaddy is still the leading domain registrar and I have been with it for more than 7 years now.
Just a small update and I think many of you who have been with GoDaddy for a while would like to be aware of this too.