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GoDaddy: Executes $750 Million Accelerated Share Repurchase Agreements

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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

GoDaddy: Executes $750 Million Accelerated Share Repurchase Agreements

  • GoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online
  • Announced it entered into accelerated share repurchase agreements with each of Goldman Sachs & Co. LLC
  • Expects final settlement of the ASRs to occur during the second quarter of 2022
  • As disclosed in its fourth quarter and full-year 2021 earnings release on February 10, 2022
  • The Board of Directors authorized a multi-year $3 billion share repurchase plan
  • Repurchased approximately 24 million shares of its Class A common stock for approximately $1.53 billion
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