GoDaddy $GDDY Shares Up on $1.82B Host Europe Group Deal

Above: GoDaddy $GDDY shares UP 4.69% Dec 6, UP 9.25% since Dec 2 (source: google.com)
Shares of the world's largest domain name registrar, GoDaddy (NYSE:GDDY | domain: GoDaddy.com), moved higher Tuesday (Dec 6), on the announcement of a deal to acquire Host Europe Group (domain: HEG.com) for €1.69B ($1.82B), including debt. The acquisition will allow GoDaddy to expand further into the European market and deliver a wider range of cloud-based products.

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:
GoDaddy Host Europe Group (HEG) Announcement: Listen to Webcast

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