Software company Squarespace is being taken private in an approximately $6.9 billion all-cash deal with private equity firm Permira. Squarespace shareholders will receive $44 per share for each share they own.
FILE - A banner for Squarespace hangs at the New York Stock Exchange, Wednesday, May 19, 2021. A special committee of the Squarespace board of directors unanimously approved and recommended the deal, which was then unanimously approved by the board. Squarespace Inc. shareholders will receive $44 per share for each share they own. The company, which helps entrepreneus build brands and businesses online, went public in a direct listing two years ago at $50 per share.
A special committee of the Squarespace board of directors unanimously approved and recommended the deal, which was then unanimously approved by the board.Casalena and long-term investors General Atlantic and Accel, which make up about 90% of the Squarespace’s voting shares, have agreed to vote in favor of the transaction.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoins worth $44 million moved for the first time in a decadeA substantial stack of bitcoins worth $44 million that had been dormant for a decade were moved this morning.
Read more »
DeFi platform Hedgey Finance hit by $44 million exploitOver $500 million worth of digital assets were lost to hacks and exploits in Q1 2024.
Read more »
Software Developers Can Build Beautiful Software: Here's HowSoftware developers can build beautiful software. A comprehensive guide detailing how developers can design beautiful and elegant software.
Read more »
Software stock forming a 'big base breakout' that heralds more gains ahead, according to the chartsDavid Keller breaks down the pattern forming in Squarespace.
Read more »
Upcoming Christmas Movie Finally Unites Spielberg & Scorsese (But There's A Big Catch)Martin Scorsese looking out his car window in Squarespace&39;s Hello Down There ad
Read more »
Today’s deals: $50 camera drone, $44 Soundcore Q20 headphones, Super Mario Bros Wonder under $50, moreFeatured daily deals on Friday include a popular camera drone, Anker Soundcore Q20 headphones, Super Mario Bros Wonder, and more.
Read more »