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Starboard acquires stake worth $800 million in GoDaddy

Published by maria gbaf

Posted on December 28, 2021

1 min read

· Last updated: January 28, 2026

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Starboard's $800 Million Stake Acquisition in GoDaddy

(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.

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

The Wall Street Journal was the first to report the acquisition of the stake. The report also said that Starboard plans to push the company to improve its performance.

Arizona-based GoDaddy has seen a surge in online traffic as several businesses increasingly shifted to digital operations due to the COVID-19 pandemic.

Starboard Value and GoDaddy did not immediately respond to Reuters requests for comment.

(Reporting by Akash Sriram in Bengaluru; Editing by Ramakrishnan M and Shailesh Kuber)

Key Takeaways

  • Starboard Value acquires a 6.5% stake in GoDaddy.
  • The stake is valued at approximately $800 million.
  • GoDaddy shares rose 2.6% in premarket trading.
  • Starboard sees GoDaddy shares as undervalued.
  • The acquisition aims to improve GoDaddy's performance.

Frequently Asked Questions

What is the main topic?
The main topic is Starboard Value's acquisition of a 6.5% stake in GoDaddy, worth $800 million.
Why did Starboard invest in GoDaddy?
Starboard believes GoDaddy's shares are undervalued and sees it as an attractive investment opportunity.
How did the market react to the acquisition?
GoDaddy's shares rose by 2.6% in premarket trading following the announcement.

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