GoDaddy Acquires Poynt, Expands Commerce Services with Offline Sales and Integrated Payments
SCOTTSDALE, Ariz., Dec. 15, 2020 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today announced it has entered into a definitive agreement to acquire Poynt. Under the terms of the agreement, GoDaddy will pay $320 million in cash at closing and $45 million in deferred cash payments subject to certain performance and employment conditions over three years. The transaction is expected to close in the first quarter of 2021, subject to the satisfaction of regulatory approvals and other customary closing conditions.
"Commerce is critical to our customers and we continue to invest in building seamlessly intuitive experiences that enable small busine
