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09|10|2010 07:52 pm EDT

GoDaddy Puts Itself Up for Private Auction?

by Frank Michlick in Categories: Registrars

Remember when GoDaddy filed to go public? And then canceled their IPO? According to what the Wall Street Journal (WSJ) writes today, they are giving it another go: Apparently Qatalyst Partners, the boutique firm run by veteran technology banker Frank Quattrone has been retained by GoDaddy to offer the company in an auction that private equity firms are expected to bid in. According to “people familiar with the matter” quoted in the WSJ the auction could fetch as much as $1 Billion USD.

Two smaller competitors, Register.com and Network Solutions, have both been in private-equity’s hands. Earlier this year, technology-focused buyout firm Vector Capital sold Register.com to another web registration and design provider , Web.com Inc., for $135 million. Network Solutions is owned by General Atlantic Partners.

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4 Comments

Adam

September 11, 2010 @ 1:29 am EDT

register.com and nsi have been in private equity hands and they’ve really excelled since . . . pfft

BreakingNewsBlog.us

September 11, 2010 @ 5:17 am EDT

if true, GoDaddy will be sold to… Google… and its brand name will be changed to… GooDaddy…

::: BreakingNewsBlog.using .us :::

September 14, 2010 @ 4:31 am EDT

no, it’s just a rumor

World Coins

September 22, 2010 @ 11:32 pm EDT

Any idea if the site was sold or not yet? I can’t find any information on the sale since 9/11

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