Gen Digital makes takeover offer for GoDaddy, valued at $12.2B

Gen Digital, formed by the 2022 merger of NortonLifeLock and Avast, has made a takeover offer for domain registrar GoDaddy, which has a market cap of $12.2B. Talks are at an early stage and could let the acquirer broaden its business beyond cyber security.

• Gen Digital has made a takeover offer for GoDaddy
• GoDaddy's market cap stands at $12.2B
• Talks between the companies are at an early stage
• The deal would broaden Gen Digital beyond cyber security