Internet domain name registry and website hosting company GoDaddy.com is going up for sale at private auction. The Wall Street Journal is reporting that the privately held company hopes to fetch upwards of $1 billion.
Qatalyst Partners has been hired by the company to overlook the auction and find interested parties. It’s expected that Private equity firms will be among the various organizations seeking to purchase the company.
Founded in 1997, GoDaddy claims to hold the domain registrations for more than 43 million websites, with 2009 revenues listed between $750 million to $800 million.
Let’s just hope when they’re sold that Danica Patrick stays as the companies official mascot, because let’s face it, we register with GoDaddy because she’s smoking hot.