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Go Daddy Cancels IPO Plan

Domain registrar Go Daddy has decided not to attempt an initial public offering, citing difficult market conditions, the company said yesterday. "With a war and escalating hostilities throughout the Middle East, skyrocketing oil prices and technology stocks once again taking a beating on Wall Street - now just isn't the right time for us," said Bob Parsons, CEO and founder of The Go Daddy Group.

Read full story: Netcraft

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