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KKR, Silver Lake in talks for GoDaddy.com: sources
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Global Deals Review: Q2 2011
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Mergers and acquisitions declined in Q2, the first sequential quarterly fall in more than a year, casting gloom on hopes of a reviving world economy that will prompt executives to put their cash-rich balance sheets to work. Full Article | Related Story
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KKR, Silver Lake in talks for GoDaddy.com: sources
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CEO and founder of GoDaddy.com Bob Parsons speaks during the Muhammad Ali Celebrity Fight Night awards banquet as former world heavyweight boxing champion Muhammad Ali (L) and his wife Lonnie Ali (2nd L) look on in Scottsdale, Arizona, March 19, 2011.
Credit: Reuters/Joshua Lott
NEW YORK |
Fri Jun 24, 2011 11:02am EDT
NEW YORK (Reuters) - Private equity firms KKR and Silver Lake are in talks to buy Internet domain site GoDaddy.com and a deal could be more than $2 billion, two sources familiar with the matter said on Friday.
GoDaddy.com registers Internet domain names for commercial and private users. The New York Post earlier reported news of the takeover talks.
GoDaddy.com put itself up for sale in September 2010 according to a Wall Street Journal article at the time, and hired Qatalyst Partners to advise it.
Private equity deal flow so far in 2011 has risen about 42 percent from a year ago, according to Thomson Reuters data. [nN1E75L0JS]
KKR and Silver Lake declined comment. GoDaddy was not immediately available for comment.
(Reporting by Megan Davies, editing by Gerald E. McCormick)
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