GoDaddy.com Puts Itself Up On Sale

GoDaddy.com, one of the oldest and most popular online domain registrars has announced that the company is going up for sale. The company owned by Bob Parsons has hired Qatalyst Partners to manage the auction. The reason for putting itself up for sale is not immediately evident though the auction process itself is expected to fetch a large value – as much as $1 billion – to the owner.

GoDaddy was founded in 1997 and has since then grown to manage close to 43 million domain names. Besides domain name management, GoDaddy is also active on eCommerce, online security and services segment. The company posted revenues of between $750 million and $800 million in 2009. The sale is expected to attract a lot of private equity partners because of the business’ ability to induce a steady cash flow through the sale of monthly subscriptions and also because of the opportunity to upsell additional products and services to customers.

Dell Moving Out Of China?

Dell has recently started its operations at its new India plant. On the sidelines of it, Indian Prime Minister hinted at Dell’s statements that implied that the popular hardware manufacturer could be pulling out of China owing to legal and political uncertainties.

Mr. Singh is quoted as saying,

“This morning I met the chairman of Dell Corporation. He informed me that they are buying equipment and parts worth $25 billion from China. They would like to shift to safer environment with climate conducive to enterprise with security of legal system.”

While a statement from the Indian Prime Minister cannot be taken at face value to gauge Dell’s business strategies, the move however could be interesting considering that Google and now GoDaddy have decided to cease their China operations.

[via Engadget]