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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
Given new tld volumes are about 10% of what Icann predicted I'd think there is a lot more consolidation to follow as a b... read more
Not problem. I should point out also, domainer won't be able to get compliant by changing site content. They will ... read more
icannwirdgef**kt... read more
For auDA to suggest this is a loophole is highly misleading. They’ve specifically allowed names to be registered for mon... read more
I have been contacted via my mobile phone by people who I have not given out my number to, since these new rules came in... read more
They keep using that word. I don't think it means what they think it means...... read more
Ah, the search for clarity continues. So far, all clarity was ignored, must have been the wrong flavor of clarity.... read more
I would say it has far more to do with the wish to have sole US control to ensure that no outside influence has the abil... read more
just tell trump obama did it and it will happen in a flash.... read more
Time for IANA to move to Switzerland!... read more