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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
how about publicdisinterestregistry.fail?... read more
pakistaneconomy.icu sounds like a good name. .bond will fail. only fools would spend that much on a shitty new gtld.... read more
www.com.sucks... read more
dotCOMsucks-GetA.org... read more
They may have better off selling them for 10 cents. Terrible extension, give it back to Icann.... read more
Erm. Isn't this basically the .uk family branding?... https://www.dynadot.com/sr/registry-logo-uk.png... read more
nic.org - We are rebranding ourselves to a nTLD domainincite.org - because the .com was taken registry.org - becau... read more
WeDonCareAboutUrNonprofitButOnlyOurParent'sCompany's.org Opps, commas not allowed. That most certanly wont be it.... read more
b.org - resistance to price increases is futile... read more
Their next domain should be theneworg.com :-)... read more