GoDaddy for Sale: 1 Billion Dollars
The biggest company for domain registration and web hosting, GoDaddy, has put itself up for sale; and according to the Wall Street Journal the price would be around 1 billion dollars.
I guess if we have the money we can buy anything, including top web companies like GoDaddy, which holds currently 43 million domains. But that’s not all, GoDaddy provides web hosting, security features, and other electronic and web offerings. The estimative revenue for this company is U$S 750 and U$S800 million; making the 1 billion price like a lot reasonable.
GoDaddy, based in Arizona, started in 1997 with Bob Parsons who is currently the chief executive. Qatalyst Partners is the company in charge for handling this GoDaddy auction and expects that the magic number of 1 billion dollars can be actually a bit more; considering that other competitive firms like Register.com and Web.com are not anywhere near the kind of profit GoDaddy can achieve.
