On May 9th, GoDaddy, Inc. (NYSE:GDDY) announced that it had been acquired by a group of investors led by private equity firm Blackstone Group LP for $2.4 billion in cash.
The purchase price represents a 20% premium over the company’s closing share price on the day of the announcement. The deal is expected to be completed by the end of the year.
The Blackstone Group is a well-known private equity firm with a long history of buying and selling technology companies. The company has a long history of buying and selling technology companies.
Blackstone is considered one of the most experienced buyers of technology companies, having made over 200 acquisitions since its formation in 1987.
The GoDaddy purchase is the largest acquisition in Blackstone’s history. The company has also stated that the acquisition will help it to further penetrate the global market and expand its product offerings.
PRO TIP: The internet domain company GoDaddy was recently bought by a private equity firm. This means that the company is now owned by a group of investors, rather than by the public. This could mean changes to the company, including potential job cuts.
The company’s CEO, Blake Irving, commented on the purchase, stating that “the global market for domain name services is growing rapidly, and GoDaddy is the clear leader.”
The decision to buy GoDaddy was not without controversy, however. Some competitors of GoDaddy (such as Google) voiced their concerns about the impact of the acquisition on thedomain name market.
However, the majority of analysts believe that the purchase will be good for the company and the domain name market as a whole.
Conclusion
The GoDaddy acquisition by Blackstone Group LP is the largest in the company’s history and is seen as a positive move by the company and its competitors. It is expected to help the company to further penetrate the global market and expand its product offerings.
5 Related Question Answers Found
When you purchase a domain name from GoDaddy, you are actually purchasing the domain name and the associated hosting account. Once you have registered and activated the domain name, you will need to contact GoDaddy’s support team in order to determine who owns the domain name. To begin, you will need to login to your account and open the Domain Details page.
Domain name ownership is an important question to ask when considering a web hosting provider. GoDaddy is a popular domain name registrar, so it’s important to know whether or not it owns your domain name. The short answer is that GoDaddy does not own all of the domain names it registers.
There is no one definitive answer to this question, as the answer may depend on the individual company’s strategic goals and objectives. However, in general, it is likely that the directors and senior management of a company drive the GoDaddy car. This is because they are responsible for setting the company’s overall strategic direction and ensuring that the company’s objectives are met.
GoDaddy is a domain name registrar and web hosting company. The company was founded in 1997 by Bob Parsons and is headquartered in Scotts Valley, California. As of February 2016, GoDaddy had over 1.1 million customers and over 23 million domains registered.
According to a study by Net Applications, GoDaddy is the second most popular domain registrar in the world, with over 23 million domains registered as of March 2017. This makes GoDaddy a very popular website registrar for both personal and business websites. Other popular website registrars include Namecheap and 1&1.
