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Story summary
- Gen Digital entered early-stage talks to acquire GoDaddy.
- Gen Digital’s market value of $15.7 billion compares with GoDaddy’s roughly $12.2 billion.
- Gen Digital’s stock fell 7%, lowering its market cap to $14.6 billion.
- GoDaddy’s shares rose over 13%, raising its market cap to $13.6 billion.
- GoDaddy reported nearly $5 billion revenue and serves more than 20 million customers and 81 million domains.
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