Starboard acquires 6.5% stake in GoDaddy

Activist investor Starboard Value LP 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.

Starboard said that GoDaddy’s shares were undervalued and represented an attractive investment opportunity, according to the filing.

Starboard Value is an American hedge fund that was founded in 2002 by Jeffrey Smith and Mark Mitchell with Smith serving as CEO.

Sold.Domains

About Konstantinos Zournas

Studied Computer Engineering and Computer Science in London, UK and now living in Athens, Greece. Love domains and building websites. Went online in 1995, learned about HTML in 1996 and about domains in 2002. Started publishing the OnlineDomain.com blog in 2012.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.