GEN DIGITAL EYES GODADDY IN $12.2B TAKEOVER BID

The acquisition would mark a significant expansion for Gen Digital beyond its core cybersecurity business into web hosting and domain services. GoDaddy, one of the world's largest domain registrars, has a market capitalization of $12.2 billion. Gen Digital currently operates Norton, LifeLock, and Avast as major consumer security brands. A successful acquisition would integrate GoDaddy's 20 million customers with Gen Digital's existing user base, potentially creating cross-selling opportunities. The two companies have not publicly confirmed talks. Financial Times reported the information from unnamed sources, indicating negotiations are preliminary. Regulatory approval and shareholder support would be required for any deal to close. GoDaddy went public in 2015 and has grown through multiple acquisitions of web services providers. The company generated $4.2 billion in revenue in 2023.