Gen Digital submits preliminary offer to acquire GoDaddy in potential Valley mega-deal
Summary
Gen Digital has made a preliminary acquisition offer to GoDaddy, according to the Financial Times. The discussions are still in the early stages, and no deal is guaranteed. GoDaddy operates as a major web hosting provider, which makes this a notable software and cloud sector transaction. Gen Digital already expanded through a major acquisition last year when it bought MoneyLion. The terms of the potential deal have not been disclosed.
AskAI Classifications
Sectors
Fintech, Banking and Payments
General FinTech
Functions
Security
General Security Software
Linked Companies
Gen Digital Inc.
$1B+