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Google Inc (GOOGL) Won’t Compete Aggressively In Domain Space As GoDaddy IPO Nears

Just when you thought Google Inc (NASDAQ:GOOGL) would be stealing GoDaddy’s thunder as the latter prepares for its initial public offering, a report from The New York Post says that the internet giant won’t be competing aggressively in the domain name registration space.

The publication says that the development on the side of Google Inc (NASDAQ:GOOGL) would make it easier for GoDaddy to sell its IPO.

“[…] Google has decided against making an aggressive push into the domain space, The Post has learned,” the publication writes.

Google Inc (NASDAQ:GOOGL) had bad timing as far as GoDaddy is concerned when it announced its entry into the space the latter is one of the top companies in.

On June 9 last year, GoDaddy filed to go public. Exactly two weeks after the filing, on June 23, 2014, Google Inc (NASDAQ:GOOGL) launched a private beta of its own domain registration service it dubbed “Google Domains”.

Google, GoDaddy, is GOOGL a good stock to buy, IPO, domain registration,

Google Domains came out of that private testing just last January in a move that was seen to hamper a great run for GoDaddy’s IPO. Though still in beta testing after being opened to everyone in the U.S., the new development from the Internet giant at the start of the year pointed to the service getting ready for a wide-scale release.

The New York Post notes that the $12 Google said in January that it would be charging for the service was a blow to GoDaddy as the latter’s package is slightly pricier.

According to a source of the publication, Google is “not looking to overtake GoDaddy”. It’s entirely possible, however, that the search giant will still unveil a domain registration service, albeit on a smaller scale that previously thought, in the future.

Robert Karr’s Joho Capital owned 150,664 shares of Google Inc (NASDAQ:GOOGL) by the end of the December quarter.

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