GoDaddy Acquires Hosting Company Media Temple

Scottsdale, Arizona-based GoDaddy said Tuesday that it has acuired Media Temple, a web hosting and cloud services company based in Los Angeles. Financial terms of the by were not disclosed. Media Temple's clients included Sony, Nordstrom, The Wall Street Journal, Starbucks, IBM, Volkswagen, and others. Media Temple has 225 employees and will continue to operate out of Los Angeles.