GoDaddy to buy Host Europe for EUR 1.7 billion

(Telecompaper) GoDaddy has won the bidding to acquire Host Europe, for a total EUR 1.69 billion including EUR 1.08 billion in net debt. The purchase from private equity group Cinven significantly expands the US-based web hosting company's presence in Europe, adding over 1.7 million customers. Host Europe is particularly strong in the small business market in the UK and Germany with brands such as 123Reg, Domain Factory, Heart Internet and Host Europe. Host Europe's CEO Patrick Pulvermueller will