Activist investor Starboard Value LP has a sizable stake in GoDaddy Inc. and plans to push the domain registrar to boost its performance.
Starboard controls a roughly 6.5% stake in the company worth around $800 million, according to people familiar with the matter. While the hedge fund’s exact plans couldn’t be learned, Starboard typically pushes the companies it invests in to boost profit margins or improve performance in other ways and often seeks seats on their boards.
