Starboard acquires stake worth $800 million in GoDaddy - Times of India
Summary
Starboard Value LP bought a 6.5% stake in GoDaddy worth about $800 million. The investor said GoDaddy’s shares look undervalued and plans to push the company to improve performance. GoDaddy has benefited from stronger online traffic as more businesses moved digital during the pandemic. The news centers on shareholder activity and company performance pressure, not a software product or operating change.
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