Domain Incite Squarespace gets sweetened $7.2 billion takeover offer

[KevDI]

Squarespace looks set to be acquired by private equity firm Permira in a sweetened cash deal valuing the registrar at about $7.2 billion. The new $46.50 per share offer is an improvement over Permira’s initial May offer of $44 and represents a 36.4% premium over Squarespace’s share price the day before the takeover way announced. […]

The post Squarespace gets sweetened $7.2 billion takeover offer first appeared on Domain Incite.

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[Helmuts]

.. crazy world... Insane amounts of money floating around. I'm sure there are at least a few who are making a killing in tiny % commissions from this deal. Can you imagine the number of lawyers and accountants involved? Business on a whole different level.

 

[alex]

I visited the Squarespace offices in 2014 and met Anthony Casalena. At the time they were completely rebuilding the Squarespace platform, including changing the codebase, which was commented at the time as being an extreme and unusual move. It evidentially paid off. Always nice to hear entrepreneurial success stores in the sector.