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Articles tagged with: KKR

Go Daddy Has Been Sold

The parent company of GoDaddy.com, a top registrar of Internet domain names, has been sold to a group of private investment firms for $2.25 billion.

Go Daddy Group Inc.’s sale to KKR, Silver Lake and Technology Crossover Ventures comes as the company expects to top $1.1 billion in revenue this year because expanding Internet use has fueled the creation of more websites and the “domains” needed to help find them.

Nokia-Siemens Fail To Secure Investors

Nokia Corp and Siemens AG failed to secure a deal for investors for a controlling stake in their unprofitable joint venture. The companies, which could not be immediately reached for comment, are now weighing investing more money in the venture, which is called Nokia Siemens Networks (NSN).

Talks to sell a controlling stake in the venture, which is the world’s No. 2 maker of wireless-networking gear, to a consortium that includes private-equity firms Gores Group LLC and Platinum Equity LLC are not expected to succeed.