Web hosting and web services provider GoDaddy is continuing to expand its resources for small business owners, following its recent IPO. The company has now closed on the acquisition Elto, a San Francisco-based startup which had been offering a marketplace that helped connect business owners and other non-technical people to web developers who could help them establish and improve their web presence.
Standard & Poor's Ratings Services said today that it raised its corporate credit rating on Go Daddy Operating Co. LLC (NYSE: GDDY) to 'B+' from 'B' and removed the ratings from CreditWatch, where we had placed them with positive implications on March 20, 2015. The rating outlook is stable.
Just got an email of new GDDY marketing push to combine MSFT Office with web hosting, etc. Since everyone need MSFT office this looks like a pretty substantial revenue source. What do you think. Also let's get Carl Ichan to look at the stock too!