Squarespace Announcement: Acquisition by Permira for $6.6 Billion

Monday, 13 May 2024, 17:12
Squarespace has revealed plans to be taken private by Permira in a $6.6 billion acquisition deal. Shareholders will receive $44 per share in cash, reflecting a generous 15% premium over the Friday closing price. This move signifies a major shift for Squarespace's ownership structure and future strategic direction, showing confidence from Permira in the company's potential for growth and development.
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Squarespace Announcement: Acquisition by Permira for $6.6 Billion

Squarespace Acquisition Announcement

Squarespace has announced a significant development in its ownership structure, revealing a $6.6 billion acquisition deal with Permira. The move will see Squarespace transition into a private entity, marking a pivotal moment for the company.

Premium Cash Offer

Shareholders of Squarespace are set to benefit from a generous cash offer of $44 per share, representing a noteworthy 15% premium compared to the closing price on Friday.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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