Reglikedomain industry desk

KKR, Silver Lake & TCV now part owners of Go Daddy: Done deal

Largest domain name registrar gets big financial backing.

GoDaddy is now (partly) private-equity owned.

The firm finally closed on its investment from KKR, Silver Lake and Technology Crossover Ventures today.

Bob Parsons remains the single largest shareholder, which ought to assuage concerns of what can happen when a firm is owned by investors only interested in the bottom line.

With the closing Parsons is no longer CEO. He is now Executive Chairman & Founder. Warren Adelman moves into the CEO post, although I suspect that won’t involve much of a change in job description.

I expect the firm will quickly start hunting for overseas growth with the investment.

The firm right now has 50 million domains under management and has over 5.2 million web hosting accounts.

Also on the wire

Other reporting from the domain desk.

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