GoDaddy to buy Host Europe to boost web hosting businessDecember 6, 2016 - 17:43 AMT PanARMENIAN.Net - U.S.-based website domain name provider GoDaddy Inc (GDDY.N) said on Tuesday, December 6 it would buy peer Host Europe Group (HEG) for 1.69 billion euros ($1.82 billion), including debt, as it looks to expand beyond the initial set-up of websites, according to Reuters. 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. HEG, whose customer base is similar to GoDaddy's, is one of Europe's largest independent web hosting firms, and operates brands such as 123Reg, Domain Factory, Heart Internet and Host Europe. HEG is currently owned by European private equity firm Cinven Ltd [CINV.UL], which acquired the business in August 2013 for 438 million pounds. GoDaddy also said it would explore options for HEG's PlusServer managed hosting business, including a possible sale. GoDaddy, well-known in the United States for its sometimes outrageous TV marketing campaigns, trumped bids from German Internet service provider United Internet AG (UTDI.DE) and Deutsche Telekom AG (DTEGn.DE) for HEG. Reuters had reported last month that GoDaddy was in exclusive talks to buy the company. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | About 32,000 rally in Yerevan to deman Pashinyan’s resignation About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan. Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty. Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. |