GoDaddy Inc. set to buy Host Europe Group

The GoDaddy inc. logo is shown on a computer screen in this illustration photo in Encinitas, California May 3, 2016.      REUTERS/Mike Blake
U.S.-based website domain name provider GoDaddy Inc. said it would buy peer Host Europe Group for 1.69 billion euros ($1.82 billion).

The buy-out includes Host Europe Group’s debt, as GoDaddy Inc. looks to expand beyond the initial set-up of websites.

GoDaddy said it would explore options for HEG’s PlusServer managed hosting business, including a possible sale.

HEG is currently owned by European private equity firm Cinven, which acquired the business in August 2013.

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