Starboard acquires stake worth $800 million in GoDaddy

Technology
Monday, 27 Dec 2021
8:26 PM MYT

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FILE PHOTO: The company logo and ticker for GoDaddy Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 4, 2019. REUTERS/Brendan McDermid

(Reuters) - Activist investor Starboard Value LP has purchased a 6.5% stake in web services firm GoDaddy Inc worth about $800 million, according to a regulatory filing with the U.S. Securities and Exchange Commission.

Shares of GoDaddy, which have dropped 8% so far this year, rose 2.6% in premarket trading.

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STARPICKS

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWHC	0.185	0.185	0.150	0.155	-0.025	-13.89	2,097,442
HSI-CWGA	0.090	0.100	0.080	0.095	0.000	0.00	1,736,789
HSI-PWFZ	0.210	0.210	0.180	0.180	-0.025	-12.20	1,530,148
HSI-CWEY	0.200	0.235	0.200	0.235	0.015	6.82	932,049
HSI-CWEZ	0.100	0.115	0.095	0.115	0.005	4.55	904,144
HSI-PWF1	0.070	0.070	0.060	0.070	-0.005	-6.67	587,254
MYEG	0.950	0.950	0.920	0.930	-0.025	-2.62	506,417
HSI-CWC6	0.135	0.160	0.115	0.150	-0.005	-3.23	439,016
ECOSHOP-CJ	0.095	0.100	0.095	0.100	0.000	0.00	426,836
HSI-CWGB	0.165	0.195	0.160	0.185	0.005	2.78	395,652
TANCO	0.960	0.960	0.940	0.955	-0.005	-0.52	386,380
ECOSHOP-CH	0.025	0.030	0.025	0.030	0.005	20.00	330,702
TRIVE	0.015	0.020	0.015	0.015	0.005	50.00	290,991
NEXG	0.345	0.360	0.335	0.355	0.005	1.43	263,196
VELESTO	0.190	0.195	0.185	0.190	0.005	2.70	256,303

Starboard acquires stake worth $800 million in GoDaddy