GoDaddy surges 11% after FT reports takeover bid by Gen Digital
GoDaddy (GDDY) shares rose 11% after the Financial Times reported a preliminary takeover approach by Gen Digital (GEN), which slipped 7%. Gen Digital, formed by the 2022 merger of NortonLifeLock and Avast, aims to diversify with GoDaddy's 20M+ customer base and 81M web domains. Discussions are at an early stage with no financial terms disclosed.
