Activist investor Starboard Value has amassed a 6.5% stake in GoDaddy stock, and may plan to push the the cloud computing, hosting and domain registrar company to boost its business performance, The Wall Street Journal reported.
GoDaddy’s market valuation is roughly $12.7 billion. The company has successfully extended beyond domain registration services to offer cloud and e-commerce services designed for small businesses and entrepreneurs. The evolution included acquiring Host Europe Group for roughly $1.8 billion in 2016.
GoDaddy has been particularly attentive to web developers, while also showing the WordPress content management community lots of love. The WordPress focus includes acquiring WP Curve in 2016 and Pagely in November…
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