Bob Parsons, Founder and Chief Executive Officer of Godaddy said: “”What these guys see is a company with a lot more potential internationally and more potential to make partnerships and acquisitions. They’ll help us finance and they’ll help us recruit talent.”
The sales of GoDaddy have risesn substantially in recent times; the sales rose to $947 million in 2010, a greowth of 25% over the previous year. If the growth continues at the same rate, the sales are expected to cross $1.1 billion in 2011.
According to a New Yoprk Times report, Parsons will be the Executive Chairman of the company once ghe deal comes into effect. According to a spokesperson of the company, parsons would continue to be the single largest stakeholder of the company once the deal is implemented. The spokesperson hastened to clarify: “This does not mean he has 51% – it means, as an individual, he would have as much ownership as any one entity.”