Today news
About the same in other media
Starboard Value builds 6.5% stake in GoDaddy, sending shares up 9%
Reading now: 196
In this article
Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in shares of the web services company.
The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million, according to a regulatory filing. The new stake became the biggest holding for Starboard.
Shares of GoDaddy jumped more than 9% on the news Monday.
The stock is flat on the year even as the company experienced a surge in online traffic amid the Covid-19 pandemic.
The Wall
Read more on cnbc.comAbout this in other media
Today in Bitcoin history: 13-year anniversary of transaction between Satoshi and Hal Finney cointelegraph.com /2 years ago
Anti-vaccine protesters try to storm Bulgarian parliament building euronews.com /2 years ago
Utility and Value of White Rabbit NFTs cryptonews.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
