GoDaddy Inc, 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 its customer base in Europe. The deal gives the company a five-year jump in Europe, GoDaddy Chief Executive Blake Irving said in an interview.
GoDaddy Inc, 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 its customer base in Europe. The deal gives the company a five-year jump in Europe, GoDaddy Chief Executive Blake Irving said in an interview.
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