Shares of GoDaddy Inc. gained 3.5% in premarket trading Tuesday, after activist investor Starboard Value LP said it sent a letter to the company urging it to...
Shares of GoDaddy Inc.
gained 3.5% in premarket trading Tuesday, after activist investor Starboard Value LP said it sent a letter to the company urging it to consider “alternative value creation opportunities,” including a potential sales of the web-hosting company. Starboard, which owns a 7.8% stake in GoDaddy, said GoDaddy is “deeply undervalued,” as the stock trades at an almost 40% discount to the broader set of technology peers.
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