SAN FRANCISCO (AP) - The parent company of GoDaddy.com, a top registrar of Internet domain names that have been sold to a group of private investment firms for $ 2.25 billion, a person familiar with the transaction told The Associated Press.
Go Daddy Group Inc. 's sale to KKR, Silver Lake and Technology Crossover Ventures, the company is expected to top $ 1.1 billion in revenue this year because of expanding use of the Internet has led to the creation of more web sites and "domains" needed to help find them. Go Daddy announced the sale late Friday.
A person close to the transaction, who asked to remain anonymous because she was not authorized to speak publicly, told AP the selling price.
A fact sheet from the release showed that Go Daddy turnover has grown by more than 20 percent in each of the last year.
The Go Daddy Group Inc. was founded in 1997 by Bob Parsons, who continues to serve as CEO. The company, based in Scottsdale, Arizona, manages more than 48 million domain names, and sells other Internet-related technologies.
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