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GEN DIGITAL MAKES TAKEOVER APPROACH FOR GODADDY: FT
Gen Digital, the $15.7B maker of Norton and Avast, has made a takeover offer for GoDaddy $GDDY, which has a market value of about $12.2B.
Talks are still early and there is no guarantee of a deal.
GoDaddy serves 20M+ customers and manages about 81M domains, roughly one-fifth of all registered domains globally.
The deal would significantly expand Gen Digital beyond cybersecurity into domains, websites and small-business software.