According to a WSJ blog post this morning, Bob Parsons has pulled the plug on the auction for Godaddy.com that had already attracted bidders from multiple private equity firms. WSJ’s sources say that the auction was already into the second round of bidding with enough interest to reach GoDaddy.com’s price range of $1.5 billion to $2 billion.
General Atlantic, the parent company of Network Solutions was one of the firms that was raising capital to potentially purchase Godaddy.com. TPG Capital (formerly Texas Pacific Group) a widely successful global private equity firm was another group that had showed significant interest in acquiring Godaddy. Neither representatives from Godaddy or Bob Parsons has given any reason to why the auction was suddenly pulled. Personally, I like the move and hope it’s more than just strategy. I would prefer to see Godaddy run by Parsons than either of the firms interested in bidding.
In other Godaddy.com news, Jillian Michaels has become the most recent Godaddy Girl – Enjoy the video!
