Reglikedomain industry desk

GoDaddy investment ought to close ahead of end of year

Investment from big name private equity groups ought to be completed ahead of the end of the year.

A private equity investment by KKR, Silver Lake, and Technology Crossover Ventures in GoDaddy ought to close by the end of the year, as stated by Iowa news station KCRG.

The deal has finally passed its big regulatory challenge — approval by the People’s Republic of China, the note states.

Foreign government approval is notable since one of the main points of the investment is for overseas expansion.

Parsons was in Cedar Rapids, Iowa for the firm’s annual holiday party. The “big” party for headquarters takes place in Phoenix next week, but the firm has 472 employees in its Hiawatha, Iowa office. The firm expects to employee 1,000 people there. It will also hold a separate party in Denver, according KCRG’s article.

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