Gen Digital makes takeover offer for GoDaddy valued at $12B

Gen Digital, the cybersecurity company behind Norton and LifeLock, has reportedly made a takeover offer for GoDaddy in a deal valued at roughly $12 billion. The move would represent a dramatic expansion for Gen Digital beyond its core cybersecurity and fintech businesses into domains, website building, and small-business software. GoDaddy’s market capitalization has hovered around $12.2 billion in recent weeks, with shares trading between $96 and $102. Two Arizona neighbors, very different businesses Both companies happen to be headquartered in Tempe, Arizona. Gen Digital’s empire is built on cybersecurity products and, more recently, financial wellness tools following its acquisition of fintech platform MoneyLion for roughly $1 billion in April 2025. GoDaddy, meanwhile, has evolved from domain registration into a broader web services and hosting provider for small businesses. Gen Digital reported record revenues of approximately $5 billion for its fiscal year 2026. GoDaddy narrowed its full-year 2026 guidance to a range of $5.215 billion to $5.255 billion. Its second quarter of 2026 brought in $1.3 billion, a 7% year-over-year increase, with the company leaning heavily into AI-pow...