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Will GoDaddy Do An IPO?
March 26, 2014 by admin
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Web hosting company The GoDaddy Group Inc is gearing up for a second attempt at an initial public offering, according to two people familiar with the matter, as the 2014 tech IPO pipeline continues to grow.
GoDaddy, the Internet domain registrar and web host known for its racy ads, would join a number of high-profile tech names expected to go public this year in the wake of Twitter Inc’s successful debut. They include “Candy Crush” developer King Digital and cloud services providers Box and Dropbox.
The company is in the process of selecting underwriters for its IPO, one of the two sources said on condition of anonymity.
GoDaddy was not immediately available for comment.
GoDaddy had filed to go public in 2006 but was told at the time that it would be required to take a 50 percent haircut — a percentage that is subtracted from the par value of assets that are being used as collateral — on its initial public offering.
The company instead decided to pull its filing, citing unfavorable market conditions.
The company, founded in 1997, was eventually acquired by a private equity consortium led by KKR & Co and Silver Lake in 2011 for $2.25 billion. Silver Lake declined to comment while KKR did not immediately respond to a request for comment.
Other private equity buyers included Technology Crossover Ventures.
GoDaddy, which provides website domain names, is famous for airing bawdy commercials with scantily clad women for the past decade during the Super Bowl.
The Wall Street Journal first reported on the plans.
Does Yahoo Have a Buyer?
December 8, 2011 by admin
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Blackstone Group and Bain Capital are putting together a bid for all of Yahoo Inc with Asian partners in a deal that could value the Internet company at about $25 billion, a source familiar with the discussions said on Wednesday.
The potential bid by the group, which would include China’s Alibaba Group and Japan’s Softbank Corp, has not yet been finalized, the source and two other people familiar with the matter said.
Chinese e-commerce giant Alibaba, whose primary interest is in buying back a 40 percent stake owned by Yahoo, is keeping its options open and said it has not decided whether to participate in a bid for all of Yahoo.
“Alibaba Group has not made a decision to be part of a whole company bid for Yahoo,” Alibaba Group spokesman, John Spelich, said in an emailed statement on Wednesday.
Yahoo’s shares, which closed at $15.71 on the New York Stock Exchange on Wednesday, gained 6.4 percent to $16.72 in after-hours trading, valuing the company at more than $20 billion.