GoDaddy.com Up for Sale

GoDaddy.com, the website that sells registers Internet domain names, has put itself up for sale in an auction that could attract more than $1 billion in a possible sale. Qatalyst Partners, the firm run by veteran technology banker, Frank Quattrone, has been hired to sell the Go Daddy Group Inc. This company runs the world's largest domain name registrar. Private-equity firms are expected to bid for the company.

GoDaddy.com currently has more than 43 million domain names under management. This makes there be a lot of interest in it for buyers. Domain registration is mainly a subsribtion kind of service. You usually have a steady stream of money flowing through the company, this makes it a very attractive business.

GoDaddy.com is based in Scottsdale, Arizona. It is owned by Bob Parsons who founded the company in 1997, he is also the company's chief executive. He is described by the website as a man "not shy to speak his mind." The company is well known for its advertising, often featuring different "Go Daddy Girls," including race car driver Danica Patrick.

GoDaddy.com doesn't just register domain names, it also sells e-commerce, security, hosting and other services to people who are looking to manage their online presence. The Internet company posted revenue between $750 and $800 million in 2009, according to people in the industry.

The company could fetch quite a lot in its auction due to its high revenue. It's interesting to see GoDaddy.com for sale, as they're usually the ones doing the selling. We will see how it turns out, and who will have the winning bid for the massive Internet company.