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Actionable news in GDDY: GoDaddy Inc,

Major owner of GoDaddy just disposed of 2,612,869 shares

Lake Group, Silver, a major owner of GoDaddy, recently disposed of 2,612,869 shares of the company. The disposals took place at prices ranging from $0.00 to $29.27 per share, on April 12, 2016. Silver still owns 14,314,789 shares of the company. Silver operates out of Menlo Park, CA. Some additional info was provided as follows:

Pursuant to the terms of an exchange agreement, "Units of Desert Newco, LLC", which represent limited liability company units of Desert Newco, LLC, and an equal number of shares of Class B Common Stock of GoDaddy Inc. (the "Issuer"), are exchangeable on a one-for-one basis for shares of Class A Common Stock of the Issuer at the discretion of the holder. The exchange rights under this exchange agreement do not expire. The proceeds per share, before expenses, to the selling stockholders of the secondary public offering is $29.26688. Silver Lake Group, L.L.C. is the managing member of SLTA III (GP), L.L.C., which is the general partner of Silver Lake Technology Associates III, L.P., which is the general partner of Silver Lake Partners III DE (AIV IV), L.P., which is the managing member of SLP GD Investors, L.L.C. ("SLP GD" and together with Silver Lake Group, L.L.C., SLTA III (GP), L.L.C., Silver Lake Technology Associates III, L.P., Silver Lake Partners III, L.P. ("Partners III"), Silver Lake Technology Investors III, L.P. ("Investors III"), SLP III Kingdom Feeder I...