Could Intuit Buy GoDaddy?
I read an article about possible GoDaddy buyers on Fool.com written by Anders Bylund, “Who’s Hot for GoDaddy?” In the article, Bylund mentions Google, Amazon, Cisco, HP, Oracle, Microsoft, and IBM as potential suitors for the domain registrar who, according to the Wall Street Journal, may be coming up for an auction with a starting bid of $1 Billion.
One company that I thought might make an interesting buyer of GoDaddy, purely based on synergy, is Intuit. Intuit is a publicly traded company with a market cap of nearly $14 Billion. The company offers small business financial management tools and services, such as Quick Books. Intuit primarily targets small and medium-sized businesses, which seems to be the same audience as Godaddy’s domain registrants.
In 2007, Intuit shelled out $170 Million for web development company, Homestead. The company offers web building services primarily for small or medium sized businesses. In a way, this actually competes with GoDaddy’s Website Tonight offering.
I don’t think I own stock in Intuit, and I am not a finance guy, so I have no idea if they could even make this work. It’s just one company I would think could possibly be a suitor for the largest domain registrar.
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