FILE PHOTO: The company logo and ticker for GoDaddy Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 4, 2019. REUTERS/Brendan McDermid
(Reuters) - Activist investor Starboard Value LP has purchased a 6.5% stake in web services firm GoDaddy Inc worth about $800 million, according to a regulatory filing with the U.S. Securities and Exchange Commission.
Shares of GoDaddy, which have dropped 8% so far this year, rose 2.6% in premarket trading.
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