GoDaddy pounces on website giant - News Summed Up

GoDaddy pounces on website giant


GoDaddy is looking to buy control of Host Europe as it continues to go from strength to strength RICHARD DREW/PAThe fast-growing US internet provider GoDaddy is finalising a £1.7bn bid for Britain’s largest website hosting company. The US raider is vying with United Internet, a larger German rival, for control of Host Europe, which is chaired by former BBC director-general Lord Birt. Based in Hayes, west London, it manages more than 7m internet domain names and has 1.7m customers. The impending deal will be one of the largest in the UK technology sector since Britain voted to leave the EU. Three years ago it bought Host Europe from private equity rival Montagu for £438m.


Source: The Times November 19, 2016 23:59 UTC



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