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Starboard Takes 6.5% Stake Price Round $800 Million in GoDaddy

Starboard Takes 6.5% Stake Price Round 0 Million in GoDaddy

Activist investor Starboard Worth LP has a large stake in GoDaddy Inc. and plans to push the area registrar to spice up its efficiency.

Starboard controls a roughly 6.5% stake within the firm value round $800 million, in response to folks aware of the matter. Whereas the hedge fund’s precise plans couldn’t be realized, Starboard usually pushes the businesses it invests in to spice up revenue margins or enhance efficiency in different methods and infrequently seeks seats on their boards.

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