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GoDaddy Buys Rival Web Hosting Firm To Expand Market Reach, But Will Sell Rival's Other Online Business To Other Technology Providers?

GoDaddy, an internet domain registrar, and web hosting powerhouse announced its largest-ever acquisition. The Arizona-based giant this week announced that it has entered into a definitive agreement to acquire Host Europe Group (HEG) for US$1.79 billion including debt, as the internet giant seeks to expand reach in the global market.