Closing Bell: GoDaddy Jumps, Oracle Drops on Force Majeure, MGM Resorts Tumbles | Stock Movers
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Today's biggest winners and losers in the stock market. On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostic, Carol Massar and Tim Stenovec - GoDaddy (GDDY) shares are up 12% on Thursday, after the Financial Times reported that Gen Digital made a takeover offer for the domain-registry company. The report cited people familiar with the matter. The talks are at an early stage and may not lead to a deal, the FT said, citing people familiar with the matter who it didn’t name. A combination would be transformational for Gen Digital, which has a market value of almost $16 billion at its last close. GoDaddy, which controls about 81 million web domains, was valued at about $12 billion as of Wednesday. Gen Digital and GoDaddy declined to comment to the FT. - Oracle (ORCL) sent a notice citing force majeure to the project's developer, a unit of Blue Owl Capita
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