Square is acquiring website builder Weebly for $365M
Square is acquiring website builder Weebly for $365M. Square announced that it's reached an agreement to acquire Weebly for $365M in cash and stock. While Square is best known for its payment software and hardware, it’s also been expanding into other areas;
for example, with the acquisition of food delivery service Caviar and corporate catering startup Zesty. Square says that by acquiring Weebly, it can create “one cohesive solution” for entrepreneurs looking to build an online and offline business. And because 40% of Weebly’s 625,000 paid subscribers are outside the U.S., the deal will help Square expand globally. Read more here.
Square reported a concurrence on Thursday to purchase site building organization Weebly for $365 million.
The money and-stock arrangement will enable private company clients to utilize both Weebly and Square to effortlessly manufacture sites and online stores, the organizations said.
The arrangement is relied upon to shut in the second quarter of 2018