GoDaddy flips hosting business for $456 million
Kevin Murphy,
July 19, 2017, 16:41:58 (UTC),
Domain Registrars
GoDaddy has sold off its recently acquired PlusServer business for €397 million ($456 million).
The buyer is a private equity firm, BC Partners.
The registrar had taken control of the business when it spent $1.79 billion on Host Europe Group earlier this year, but had said from the start that the asset was for sale.
PlusServer sells hosting to larger companies, which have more demanding support needs that small-business-focused GoDaddy is accustomed to dealing with.
The unit was bringing in annual revenue approaching $100 million per year.
GoDaddy said it planned to put the proceeds of the flip towards paying off some loans.
Recent Comments
"Company well-known for abuse of personal data has insatiable appetite for personal data" - what a surprise.... read more
If 7 figures for MMX includes a decimal point you may be accurate. At this point with the success of new TLDs , could ... read more
SO what you are saying is most don't defend, but when they do its expensive and they win. So in most cases the ones that... read more
It is still in their Universal Terms of Service: "GoDaddy also reserves the right to charge you reasonable “administr... read more
In point of fact, several registrars charge their customers an administrative fee for handling UDRP disputes. -----... read more
The idea of having respondents pay $500 has a couple of flaws. First, in many of these dead-on cases the respondent n... read more
Respondents also incur an economic cost when due to a UDRP process with multiple layers of bias in favor of TM interests... read more
"Registrants, on the other hand, pay only for their own defence, if any." Mr. Wood ignores the fact that domain regis... read more
The key factor in the decision was a "Teflon survey" demonstrating that 75% of consumers associated booking.com with a p... read more
Page, see a separate comment below where I basically expanded on your statement, and presented an example where such a d... read more