Reglikedomain industry desk

You Missed It, Friday Was Not a Slow News Day in the Domain Industry — In Case

Biggest domain name firm transaction ever disclosed just ahead of the U.S. holiday.

The Friday ahead of a holiday weekend is usually a slow news day. But I heard some whispers Friday that Go Daddy was going to make a big notice, hence my tweet around noon.

Indeed, a few hours later Go Daddy disclosed that it took an investment from KKR, Silver Lake, and Technology Crossover Ventures.

I talked with GoDaddy founder Bob Parsons Friday evening. Since most of my U.S. readers were by now off drinking beer and buying fireworks, here’s a quick recap of what he told me. You can read the full details here.

-If you include options, Parsons owned 78% of the firm and employees owned regarding 22%

-36 people will gross $1M+ from the transaction

-Parsons is still the largest single shareholder in the firm

-Warren Adelman was promoted to CEO and Parsons will now chair the board

Also on the wire

Other reporting from the domain desk.

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