|Above: GoDaddy $GDDY shares UP 4.69% Dec 6, UP 9.25% since Dec 2 (source: google.com)|
Host Europe Group, the largest privately-owned web services provider in Europe, operates multiple brands including 123Reg, Domain Factory, Heart Internet and Host Europe. Strategic alternatives for Host Europe's PlusServer managed hosting business, including a possible sale will be explored by GoDaddy.
GoDaddy has apparently decided to expand into the more profitable web hosting business and broaden its customer base in Europe, rather than acquire one or more new gTLDs, or one or more new gTLD registry operators.
More info:You guys! We’re teaming up with @123reg and @HeartInternet (aka HEG) to help more people get their ideas online. https://t.co/qBXst2MAQ4— GoDaddy (@GoDaddy) December 6, 2016
GoDaddy Host Europe Group (HEG) Announcement: Listen to Webcast
It looks like those speculating in #newgTLDs are #LongAndWrong (NB: I have no position in $GDDY shares)— George Kirikos (@GeorgeKirikos) December 6, 2016
GoDaddy $GDDY spends $1.8 billion on a European hosting company, rather than acquiring any #newgTLDs registry operators.— George Kirikos (@GeorgeKirikos) December 6, 2016
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