Financial details of the deal were not disclosed, but The 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 reported last week that the agreement was in the works and nearing completion.

For now, 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.