Web-hosting company and domain-name registrar announced last week that it has been acquired by private equity firms KKR & Co, Silver Lake Partners and Crossover Ventures.

Financial details of the deal were not disclosed, but The Wall Street cited an unnamed source as saying that the agreement was worth $2.25bn (£1.6bn), about half of which is debt. The deal was expected; The Journal reported last week that the agreement was in the works and nearing completion.

For now, GoDaddy chief executive Bob Parsons will remain in that role, The Journal said, adding that he will also be GoDaddy’s largest single shareholder. KKR and the others will become GoDaddy’s majority investors.

via CNET News.