GoDaddy for Sale, Seeking $1 Billion

GoDaddy, the Web hosting and domain sales firm, is reportedly up for sale and seeking private equity bids of $1 billion or more, reports The Wall Street Journal. GoDaddy, largely known for its racy Super Bowl ad spots, is being shopped around by Qatalyst Partners, which recently advised 3PAR during the Dell and HP bidding war.

GoDaddy had revenues between $750 million and $800 million in 2009 and represents an opportunity for a willing investor to capture a large footprint in the hosting market, says Rich Miller at DataCenterKnowledge. GoDaddy manages more than 43 million domains for its 8.3 million customers and reportedly garners 2.3 million in revenue per day, notes Fahmida Rashid at Digital Trends.

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