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

Gen Digital has made a takeover offer for GoDaddy valued at $12B. This potential acquisition could significantly reshape the web services and cybersecurity landscape, particularly affecting small-business infrastructure. Following reports from the FT regarding the takeover bid, GoDaddy shares surged by 11%. The move represents a major strategic shift as Gen Digital seeks to integrate GoDaddy's extensive reach into its existing portfolio of digital security and online presence tools for global users.