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gumdrop

09-13-2010 07:49 AM

GoDaddy.com Up For Auction ? $1 Billion Expected

Quote:

GoDaddy.com, the website that registers Internet domain names is up for auction and according to the WSJ, it?s believed that the bidding for this web property could go higher then $1 billion US.

Qatalyst Partners has been hired to oversee the sale of Go Daddy Group Inc, a company that currently manages 43 million domain names, making it the largest domain name registrar in the world. Neither GoDaddy.com nor Qatalyst was available for comment on this matter.

http://www.coated.com/godaddy-com-up...ed-0912201003/

MaDalton

09-13-2010 07:56 AM

i think with 1 billion in my pocket i'd retire too

2intense

09-13-2010 08:01 AM

I just transferred all my domains from GoDaddy :thumbsup

anyway I do not like godaddy

FrozenJag

09-13-2010 08:03 AM

He must have had all his money in epass.

I think i'll move the 100 or so left at GD away this evening. Not taking any chances.

peakpromo

09-13-2010 08:04 AM

Wow, good news to know. Wonder why they are looking at selling and why an "auction"?!?

marketsmart

09-13-2010 08:07 AM

there is something odd going on with this transaction..

why would they sell such a profitable company?

i have a feeling that their revenue has taken a big hit this year...

.

cwd	09-13-2010 08:08 AM

thats a lot of money

Supz	09-13-2010 08:12 AM

I wonder if Visa is trying to stop there prechecked cross sales. Does anyone know if Moniker would do free transfers the domains I have at godaddy?

FetishWeb

09-13-2010 08:26 AM

Quote:

Originally Posted by marketsmart (Post 17497672)

there is something odd going on with this transaction..

why would they sell such a profitable company?

i have a feeling that their revenue has taken a big hit this year...

.

In their failed IPO attempt it was revealed that under GAAP they are actually a profitless company.

Parson's ego has never recovered.

Vick!

09-13-2010 08:33 AM

Quote:

Originally Posted by 2intense (Post 17497654)

anyway I do not like godaddy

I don't like them either for multiple reasons.

I know its not gonna happen, but I wish some insane billionaire just buy this company and shut it down lol :upsidedow

gumdrop

09-13-2010 08:35 AM

Quote:

Originally Posted by FetishWeb (Post 17497743)

In their failed IPO attempt it was revealed that under GAAP they are actually a profitless company.

Parson's ego has never recovered.

Bingo! :thumbsup

peakpromo

09-13-2010 08:43 AM

Yeah, well selling domain names close-to/at-cost to upsell people on products was a great idea and I always questioned how they give good support at the prices they do (even with outsourcing). I can totally see them trying to dump it before bad financials come out but in this economy I would think they would do better, because this is indeed a "cheapest is best" economy?!? I've had a TON of regular hosting clients that have left my hosting for GoDaddy because they are really looking at all their expenses these days... I've had to start matching their rates to keep good clients. Not a problem because I've adjusted my model to accomodate for this. I'd love to really see the numbers behind GoDaddy thought!

FetishWeb

09-13-2010 08:52 AM

Quote:

Originally Posted by peakpromo (Post 17497788)

I've had a TON of regular hosting clients that have left my hosting for GoDaddy because they are really looking at all their expenses these days... I've had to start matching their rates to keep good clients. Not a problem because I've adjusted my model to accomodate for this. I'd love to really see the numbers behind GoDaddy thought!

GD's scummy deals have been hurting legitimate operators since 2002-2003. Pretty amazing to see the entire webhosting/domain reg business scape reshaped by a blowhard religious zealot that in the end, isn't actually making any money and just wants to walk away.

Kind of like if walmart just said "fuck it" one day and decided to auction themselves off.

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