More than a year after scooping up MoneyLion in a $1 billion deal, Tempe-based Gen Digital potentially has its sights set on acquiring another Valley software giant.
Gen Digital (Nasdaq: GEN), the parent company of Norton, Avast and LifeLock, submitted a preliminary acquisition offer to GoDaddy, the Financial Times reported, citing people familiar with the matter.
Gen Digital’s first acquisition offer for the Tempe-based web hosting provider was made in recent weeks and discussions remain strictly in the early stages with no guarantee that a deal will occur. Terms of the deal were not disclosed, according to the Financial Times.
Read more of this story from the Business Journal.
Want more news in your community? Add ABC15 as a preferred source on Google below:
