NEW YORK, NY - Private-equity firm Permira has entered into a deal with Squarespace to acquire the website-building platform and domain host/registrar in an all-cash deal valued at $6.9 billion, according to an announcement made this week by both companies. The deal involves Permira paying approximately a 30 percent premium to Squarespace’s unaffected share price, which comes to $44 a share in cash; as a part of the transaction, the publicly-traded web company – … [Read more...]
Website Company Squarespace Enters Agreement to Purchase Google Domains
NEW YORK, NY - New York City-based website building and hosting company Squarespace announced this week that they will be entering into an agreement to purchase Google Domains – a domain name registrar operated by Google that offers domain registration, DNS hosting, dynamic DNS, domain forwarding, and email forwarding – in a deal that includes all of the company's assets, which includes approximately 10 million domains that are owned by millions of … [Read more...]