Cases & Deals

Goldman Sachs enters into accelerated share repurchase agreement with GoDaddy

Clients Goldman Sachs & Co

Jones Day represented Goldman Sachs & Co. LLC in entering into an accelerated share repurchase agreement (ASR) with GoDaddy Inc. (GoDaddy) for GoDaddy to purchase $375 million of its own shares. GoDaddy made an initial payment of $375 million to Goldman Sachs and received an initial delivery of approximately 3.3 million shares on February 16, 2022. The final number of shares to be repurchased will be based on the volume-weighted average price during the term of the ASR less a discount and subject to adjustments pursuant to the terms of the ASR. The final settlement of the ASR is expected to be completed in the second quarter of 2022.

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