GoDaddy Announces its For Sale

(Ping! Zine) – The Internet and Domain Registration site, Godaddy has announced that it has put itself up for sale.

The privately held company could go for more than $1 billion, sccording to the Wall Street Journal. The firm has hired Qatalyst Partners to find buyers for the company. The Journal also writes that they expect private equity firms to soon bid for the company, which announced revenues between $750 and $800 million in 2009.