{
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  "documentTitle": "Multiple (GoDaddy, News Corp, Fortrea) (GDDY, NWSA, FTRE)",
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  "authorName": "Starboard Value",
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  "presentationDate": "2023-10-13 00:00:00",
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  "notes": "The slide uses a 'before-after' bridge structure to illustrate value creation potential.",
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      "text": "If management can successfully execute on a margin improvement plan, we believe GoDaddy shareholders will be meaningfully rewarded.",
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      "text": "FCF / Share: $10.00+",
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      "text": "Source: Capital IQ, Bloomberg, Starboard estimates. Market data as of 10/13/23.",
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      "text": "We Believe GoDaddy Has a Significant Value Creation Opportunity",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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