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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s