Believes GoDaddy is Deeply Undervalued with Significant Opportunities for Shareholder Value Creation
Believes Opportunities Exist to Significantly Improve GoDaddy's Combination of Growth and Profitability Through Meaningful Margin Expansion
Remains Open to Reaching a Constructive Resolution with the Board and Believes GoDaddy Would Benefit from Direct Shareholder Representation on the Board
NEW YORK, Sept. 12, 2023 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), a significant stockholder of GoDaddy Inc. ("GoDaddy" or the "Company") (NYSE: GDDY), today announced that it has delivered a letter to Aman Bhutani, GoDaddy's Chief Executive Officer, and Brian Sharples, Chair of the Board of Directors (the "Board"), with copies to Mark McCaffrey, the Company's Chief Financial Officer, and the full Board.
The full text of Starboard's letter to the CEO and Chairman can be viewed at the following link:
https://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Letter_to_GDDY_09.12.2023.pdf
About Starboard Value LP
Starboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.
Investor contacts:
Peter Feld, (212) 201-4878
Gavin Molinelli, (212) 201-4828
www.starboardvalue.com
View original content:https://www.prnewswire.com/news-releases/starboard-delivers-letter-to-godaddy-301924574.html
SOURCE Starboard Value LP
