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More than a year after scooping up MoneyLion in a $1 billion deal, Tempe-based Gen Digital potentially has its sights set on acquiring another Valley software giant.
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Gen Digital (Nasdaq: GEN), the parent company of Norton, Avast and LifeLock, submitted a preliminary acquisition offer to GoDaddy, the Financial Times reported, citing people familiar with the matter.
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Gen Digital’s first acquisition offer for the Tempe-based web hosting provider was made in recent weeks and discussions remain strictly in the early stages with no guarantee that a deal will occur. Terms of the deal were not disclosed, according to the Financial Times.
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Read more of this story from the Business Journal.