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GoDaddy Purchases Host Europe Group for $1.82 Billion

GoDaddy (GDDY) shares were higher in early afternoon trading on Tuesday, after the hosting company announced that it was buying Host Europe Group for $1.82 billion.

By linking up with Host Europe Group, GoDaddy can "accelerate" its expansion into Europe with products used to help small businesses and web designers "succeed online," CEO Blake Irving said in the announcement.

Irving joined CNBC's "Squawk Alley" on Tuesday morning to discuss the deal in more detail with anchor Jon...