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US giant buys Host Europe Group for €1.7bn

US-based hosting giant GoDaddy is buying Host Europe Group for €1.69bn ($1.82bn), including debt, as it seeks to accelerate its expansion into Europe with the delivery of a broader range of cloud-based products.

Host Europe is the largest prvately-owned web services provider in Europe, and operates brands such as 123Reg, Domain Factory, Heart Internet and Host Europe. GDDY also says it will explore strategic alternatives for Host Europe's PlusServer managed hosting business, including a possible sale.