GoDaddy buys Google’s domain division for $4.8 Billion!

Bob Parsons built an empire by being frugal.

Bob Parsons built a domain empire.

GoDaddy, the biggest domain registrar in the world, made news headlines today after announcing the acquisition of Google Domain Ventures, Inc.

The latter, is a Google Labs product that was recently announced as the future domain registrar of Google.

However, plans have changed, apparently.

“We have acquired Google’s domain division, in a strategic move to manage our market share in the domain industry,” said GoDaddy spokesperson, Nataly Good.

“As with everything in business that poses a valid threat, it’s best to pony up the cash when the obstacle is still small!” exclaimed Good, laughing.

The acquisition of Google Domain Ventures, Inc. for $4.8 Billion dollars, is expected to be completed before the much anticipated GoDaddy IPO.

By performing this merger, GoDaddy will also acquire the Google Domain Ventures, Inc. team of 24 engineers, 7 programmers, 2 Mongo developers and a self-proclaimed “domainer”.

Google Domain Ventures, Inc. will initially continue to operate under its current name, without any brand modifications, as part of an agreement to provide email support – a feature that has been canceled at GoDaddy recently.

Clearly, an indication of future things to come in the expanding Internet namespace.

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