STARBOARD DELIVERS LETTER TO GODADDY

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GoDaddy (GDDY) gains after activist investor urges board to explore options including potential sale

September 12, 2023 9:47 AM EDT

GoDaddy (NYSE: GDDY) shares are gaining ground in early Tuesday trading after activist investor Starboard Value sent a letter to the company stating "that a meaningful value creation opportunity exists" for the company.

Starboard, which owns approximately 7.8% of the outstanding common stock of GoDaddy, making it the third largest shareholder, expressed its disappointment with GoDaddy's operational, financial, and... More