World’s largest domain name registrar will own NamesCon after it completes HEG acquisition.
The rumors are true–GoDaddy (NYSE:GDDY) is acquiring Host Europe Group.
The US $1.79 billion transaction is expected to close in the second quarter of next year, and will include top European brands such as 123Reg and DomainFactory.
That’s right, GoDaddy will own the domain name industry’s biggest conference sometime next year. Host Europe Group owns WorldHostingDays, the webhosting conference that acquired NamesCon this year.
The deal won’t close before next month’s conference, and it’s unclear what impact the acquisition will have on the conference after that. GoDaddy says it will “continue to operate these brands independently and invest in their continued growth.” As industry conferences, it will be smart for GoDaddy to take a background role in the conference to keep it independent and not lose the support of competitors.