GoDaddy to buy Host Europe for $1.82 billion

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Go back to GoDaddy to buy Host Europe for $1.82 billion

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

December 7, 2016 9:54 AM EST

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

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

December 6, 2016 12:55 PM EST

RBC Capital affirms GoDaddy (NYSE: GDDY) at Outperform with a price target of $40 after the company announced plans to acquire Host Europe Group for around $1.8 billion.

The firm commented today:

Our Strategic View on the Deal: We view this deal both strategically and financially as positive. By acquiring HEG, GDDY will expand its international footprint (accelerating... More