Tech

GoDaddy sold to Silver Lake, KKR, and TCV

Laura Donovan Contributor

GoDaddy Group Inc., a closely-held company that registers Internet domain names, agreed to be bought by private-equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures.

The companies declined to provide a purchase price, but people familiar with the matter said the deal is worth $2.25 billion, roughly half of which is debt.

“We are partnering with KKR, Silver Lake and TCV because of their technology expertise, their understanding of web-based businesses and because their values align with ours,” GoDaddy Chief Executive and founder Bob Parsons said in a press release.

Full story: GoDaddy bought by KKR, others