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Squarespace ( (SQSP) ) just unveiled an update.
Permira has completed its acquisition of Squarespace in a $7.2 billion all-cash deal, resulting in the company’s delisting from the NYSE. Squarespace’s CEO, Anthony Casalena, retains a significant equity stake and continues to lead the company. This acquisition aims to leverage Permira’s experience in supporting online platforms, helping Squarespace expand its product offerings and empower entrepreneurs globally. Squarespace’s long-standing investors, Accel and General Atlantic, remain committed to its future growth.
See more insights into SQSP stock on TipRanks’ Stock Analysis page.