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Monday, June 27, 2011

GoDaddy is drawing to its sale to KKR - Wall Street Journal

KKR & Co. business capital and Silver Lake partners, with a third investor, are almost a deal to buy GoDaddy Group Inc., a company closely which records names of Internet domain, for between $ 2 billion and 2.5 billion, those familiar with the matter said.

GODADDYAnnouncements of Getty Images vaunted GoDaddy "GoDaddy girls", including racer Danica Patrick.

The announcement of the sale could come as early as next week, even if an agreement has not yet signed and the people warned that an agreement cannot be concluded.

Private equity and venture capital firm Technology Crossover Ventures is also a minority investor in the deal proposed for GoDaddy based in Scottsdale, Arizona, one of those familiar with the matter said.

In September, the Wall Street Journal reported that the company had hired investment boutique Qatalyst partners Bank to shop at the company to potential buyers.

GoDaddy.com, web company, is the largest Registrar of domain names worldwide. The site also sells e-commerce, security and other services to individuals and companies looking to manage their online presence. Customers pay monthly fresh GoDaddy, which brings the constant company of cash flow - an attraction for companies of redemption.

GoDaddy was founded in 1997 by Bob Parsons, which continues to be owner and CEO of the company. He is known for its edgy, including Super Bowl advertising commercials and announcements involving the different "Go Daddy Girls" including Danica Patrick, driver of motor racing. Mr. Parsons would continue as CEO, one of those familiar said.

TPG Capital and General Atlantic, said the auction was offshore, those familiar with the case said at the time.

The New York Post earlier reported the news of the KKR interest in society.

KKR, Silver Lake and Technology Crossover Ventures are all tech-savvy investors. KKR and Silver Lake were co-investisseurs the manufacturer of the chip Avago Technologies Ltd., which they took public in 2009, reaping handsome returns for investors of their money. Based in Palo Alto, California Technology Crossover Ventures has invested in companies, including Group Inc..

Write to Anupreeta Das in the anupreeta.das@wsj.com

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