Go Daddy is an Internet domain registrar and Web hosting company that also sells e-business related software and services. Go Daddy is currently the largest ICANN-accredited registrar in the world, and is four times the size of its closest competitor. Go Daddy started advertising in the Super Bowl in 2005. Since then, the company expanded its marketing to include sports sponsorships. Go Daddy filed for an IPO in 2006, but later canceled it, due to "market uncertainties." Established by CEO Bob Parsons in 1997. In September 2010 Go Daddy put itself up for auction. Go Daddy called off the auction several weeks later, despite reports that bids exceeded the asking price of $1.5 billion to $2 billion. On June 24, 2011, The Wall Street Journal reported that private-equity firms KKR and Silver Lake Partners, along with a third investor, are nearing a deal to buy the company for between $2-2.5 billion. On July 1,2011 Go Daddy confirmed that KKR and Silver Lake Partners and Technology Crossover Ventures closed the deal. Although the purchase price was not officially announced it was reported to be $2.25 billion. GoDaddy.com is the world's largest domain name registrar and is the flagship company of The Go Daddy Group, Inc. The Go Daddy Group of companies also includes Wild West Domains, Inc., a reseller of domains and domain-related products and services; Domains By Proxy, a private registration service; Starfield Technologies, a research and development affiliate; and Blue Razor Domains, a membership-based discount registrar. Every year, the company gives millions of dollars to groups such as Hope for Haiti, Make-A-Wish, the Juvenile Diabetes Research Foundation, Southwest Center for HIV/AIDS, the Arizona Humane Society, the Child Crisis Center of Arizona and the Salvation Army. |
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