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Published on July 5th, 2011 | by Michael J Smith

0 Is Sold; Expected To Continue Sponsorship Of Patrick

GoDaddy Group was recently sold to the private equity firms KRR & Co., Silver Lake Partners, and Technology Crossover Ventures, according to the Wall Street Journal. The pruchase price was rumored to have been about $2.25 billion, about half of which is debt.

Bob Parsons is expected to stay on as CEO. He is a supporter of Danica Patrick, and a spokesperson for the company said that the sale would not affect their sponsorship of Patrick

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About the Author

Michael J. Smith is a NASCAR enthusiast and blogger. In addition to founding this website, Michael is a journalist with over a decade of experience writing for prestigious media organizations.

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