Scottsdale, Ariz.-based , have finalized a deal to sell off to or partner with as they call it, some private-equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures., the company’s flagship web property, is the world’s largest registrar of domain names. The site also sells e-commerce, security and other services to people and businesses looking to manage their online presence

There are speculations that the deal is worth $2.25 billion, roughly half of which is debt.

According to GoDaddy founder and Chief Executiive – Bob Parsons, “We are partnering with KKR, Silver Lake and TCV because of their technology expertise, their understanding of web-based businesses and because their values align with ours”.

GoDaddy was founded in 1997 by Mr Parsons and is favored for by-overs in view of its relatively good cashflow resulting from regular monthly payments by customers.

Mr Parsons will for the meantime remain as the Chief Executive of the new site and is also the largest single shareholder. However, the private equity firms that bought GoDaddy will constitute the majority shareholders jointly. There are plans for Mr Parsons to be shepherded into the role of Executive Chairman with a new Chief Executive put in place but Mr Parsons will remain closely involved.

The private-equity buyers plan to help shepherd GoDaddy into its next phase of growth, including expanding overseas and helping the company find acquisition targets to help it grow, Mr. Parsons said in an interview.

GoDaddy had attempted a sale late last year with the sale put off when some potential bidders, including private-equity firms TPG Capital and General Atlantic were told the auction was off according to speculations.

Two of the private equity investors in GoDaddy – KKR and Silver Lake were co-investors in chip maker Avago Technologies Ltd., which they took public in 2009, making mouth-watering profits for their fund investors.

The third private equity investor in GoDaddy – Palo Alto, Calif.-based Technology Crossover Ventures has previous investment records in companies such as Groupon Inc.

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