Company discloses acquisition price for Neustar business.
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GoDaddy (NYSE: GDDY) unveiled its acquisition price for Neustar along with GoDaddy’s first-quarter earnings today. It is paying $218 million for the business and expects the transaction to close “in the coming months.”
The domain name company announced the acquisition last month.
With Neustar, GoDaddy will now control both the wholesale and retail side of many domain names. Neustar operates .us, .co, and .biz, among other domain names.
Neustar is currently owned by a private equity consortium led by Golden Gate Capital, which scooped up the business in 2017. The registry business sale is a carveout of the marketing data, security, and intelligence company.
Source:DNW
