GoDaddy SIGNS PACT TO ACQUIRE CALIFORNIA-BASED PAYMENTS PROCESSOR POYNT FOR $365 MILLION

Highlights

• This deal includes $320 million in cash and remaining sum in deferred cash payments that will be subject to certain performance and employment conditions over three years

• The Internet names and registrations management company said the transaction is likely to get completed in the first quarter of 2021

• GoDaddy CEO said “Poynt accelerates our strategy to provide a complete suit....