Reglikedomain industry desk

Go Daddy Takes Investment from KKR, Silver Lake, and TCV: Breaking

Go Daddy takes investment but doesn’t sell out.

Read my interview with Bob Parsons regarding the sale here.

Bob Parsons didn’t end up selling the firm following all.

But Go Daddy just disclosed it has entered into a partnership with KKR, Silver Lake, and Technology Crossover Ventures in which the three will make an investment in the firm.

There had been rumors that KKR and Silver Lake were in talks to acquire the firm for over $2 billion.

It’s interesting that this is being labeled a partnership, but there are a number of reasons this may not have been a full buyout. It may also be that the investment will trickle down to option holders, which would be nice as they’ve been waiting for an exit.

In a press release, firm founder Bob Parsons states:

“I’ve always stated we would make a move like this when the right deal with the right partners could help us do the right thing for our clients and our employees,” stated Go Daddy CEO and Founder Bob Parsons. “This is it! We are partnering with KKR, Silver Lake and TCV since of their technology expertise, their understanding of Web based businesses and since their values align with ours. We believe, together, we will take the firm to the next level, especially when it comes to accelerating international growth.”

Apparently Bob told employees regarding the investment ahead of the public notice today.

Also on the wire

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