Will GoDaddy Acquire Host Europe for $1.6 Billion?

Despite posting higher than expected revenue of $472.1 million, 14.8% above the year-ago period, and a free cash flow jump of nearly 20%, GoDaddy (NYSE: GDDY) stock dropped 10% following its third-quarter earnings announcement Nov. 2. Though GoDaddy shares have inched their way back to pre-earnings levels in the subsequent weeks, they got another boost when rumors began swirling recently it was in private discussions to acquire its peer across the pond, Host Europe Group (HEG). …read more

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Category: GDDY

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