RBC Positive on GoDaddy's (GDDY) Move to Acquire Host Europe Group; Affirms at 'Outperform'

Oppenheimer Reiterates Outperform on GoDaddy (GDDY) Following Announced Host Europe Group Acquisition

Oppenheimer reiterated an Outperform rating and $43.00 price target on GoDaddy Inc (NYSE: GDDY) following the company's announced acquisition of Host Europe Group (HEG). Management estimates core HEG 2016 bookings/adjusted EBITDA $236M/$98M, with PlusServer at $92M/ $41M.

Analyst Jason Helfstein commented, "Pre-open, GoDaddy... More

GoDaddy to buy Host Europe for $1.82 billion

By Narottam Medhora

(Reuters) - GoDaddy Inc (NYSE: GDDY), a U.S.-based website domain name provider, said on Tuesday it would buy peer Host Europe Group (HEG) for 1.69 billion euros ($1.82 billion), including debt, as it seeks to expand beyond the initial set-up of websites.

GoDaddy has branched into the more profitable business of hosting websites for small businesses and consumers and the HEG deal will help it accelerate this shift as well as broaden... More

GoDaddy (GDDY) to Acquire Host Europe Group in ~$1.8B Deal

GoDaddy Inc. (NYSE: GDDY) announced it has entered into a definitive agreement to acquire Host Europe Group (HEG) for 1.69 billion (US$1.79 billion), including 605 million paid to the selling shareholders and 1.08 billion in assumed net debt. The transaction has been approved by the GoDaddy board of directors and HEG's shareholders and is expected to close in the second quarter of 2017, subject to customary regulatory and other closing requirements.

HEG is currently owned by Cinven, one of Europe's leading private equity firms, which acquired the business in August 2013. GoDaddy intends to integrate the majority of HEG's business... More