trending Market Intelligence /marketintelligence/en/news-insights/trending/fwusikuu1hcc5i5qetlmjg2 content esgSubNav
In This List

Starboard Value buys 9.4% stake in Web.com

Blog

Broadcast deal market recap 2021

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


Starboard Value buys 9.4% stake in Web.com

Activist hedge fund Starboard Value LP and related entities acquired a 9.4% stake in Web.com Group Inc., representing 4,630,579 shares of the company's common stock.

In a Schedule 13D filed June 8, the investor group said it viewed the share as "an attractive investment opportunity" at current values. It also said it may, at a later date, communicate with the company's management about its investment in the company and recommended strategic proposals.

Web.com said in a statement that it is open to "constructive dialogue" with Starboard.