Reglikedomain industry desk

Software maker in talks to acquire GoDaddy — Norton antivirus

Software maker in talks to acquire GoDaddy — Norton antivirus

The Financial Times notes that talks are in the early stages.

GoDaddy logo in black

Gen Digital, the firm behind Norton 360 antivirus software, is in talks to acquire GoDaddy.

The Financial Times noted that the talks are in an early stage.

Gen Digital was formed in 2022 through the merger of NortonLifeLock and Avast. It’s a rollup of consumer cybersecurity brands.

Ahead of the news broke today, Gen Digital (NASDAQ: GEN) had a market cap of $15.7 billion. GoDaddy (NYSE: GDDY) had a market cap of $12.2 billion.

Following the news, Gen Digital’s stock fell 7%, lowering its market cap to $14.6 billion, while GoDaddy’s rose over 13%, pushing its market cap to $13.6 billion.

GoDaddy’s stock has been hit by fears over AI’s impact on its business. It wouldn’t be surprising to see other firms approach the firm regarding an buyout, perhaps to take it private.

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