(CNBC) Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in stock of the web services company. The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million, according to a regulatory filing. The new stake became the biggest holding for Starboard.
Hedge Fund Starboard Value builds 6.5% stake in GoDaddy, sending shares up 8%
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