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Web Hosting Company GoDaddy For Sale At $ 1 Billion Or More

GoDaddy is a web hosting company largely known for their domain registration services. In addition to web hosting, the company also indulges in the sales of domain names and domain space and domain registration on its servers. The company is a private holding of a former US Marine who intends to sell it away at a whopping price of $ 1 billion. While it is a huge price, the company actually makes great sales and profits would be soaring high too, supposedly.Bob Parsons, the owner of the company is an outspoken, extrovert man who seems to always find a way to be in the talks. Some of the advertisements of GoDaddy.com that are screened during the Super Bowl become major talking points and kids and young adults gossip about them for weeks. However, that doesn't mean the company is only good at making controversial commercials.

Anonymous reports say that last year this company has made sales of about three quarters of $ 1 billion. GoDaddy was a talking point in Wall Street for quite some time. Earlier this year, the company was tipped to be made public by the owner. However, that did not happen. Instead, Bob Parsons has invited private equity bids of over $ 1 billion on Wall Street recently.

Quatalyst Partners seems to be showing keen interest in the Artizona based company on Wall Street. Quatalyst Partners is known for advising 3PAR on making investment decisions during the recent auction bids between HP and Dell. The owner, Frank Quattrone seems to have keen interest in cutting of this deal with GoDaddy.