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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
Lets not forge that this is a "Consultation Period" I believe the closing date is the 10th of May. For those interes... read more
Hi Cherie, If I may interject here; auDA Management Response (page 15) rejected the PRP recommendation of lockin... read more
Cherie, that would be wonderful if it was true. I hope I'm wrong; and you're right. That provision was in the origina... read more
Kevin, Alex's comment is not correct. The way it will work is that: If more than one party has a domain with a creat... read more
margins others sell for pennies and barely scrape by, over simplifying the costs and processes of operating a domain reg... read more
Kevin, this section in your article is not strictly correct. "The new draft plans (pdf) for the launch of 2LDs would... read more
When I read articles like this I always remember what 50 Cent said at the dotCLUB launch party (go to 1:45). "Now rememb... read more
Now I see why ICANN is offering a full refund.... read more
There are some long-term benefits to moving to a .BRAND TLD; no homoglyph attacks. Example: http://kрmg.com http://x... read more
According to Whois, home.kpmg has been up since 11/30/2018....but you were so close!... read more