Squarespace Becomes Private Company With $7.2 Billion Permira Deal

Squarespace is becoming a private company, with its new owner offering a more generous deal. The website-building platform had announced plans to merge with private equity firm Permira in a $6.4 million deal. Now, Permira has sweetened the deal in a transaction worth$7.2 billion, Squarespace announced Monday (Sept. 9), after the amended arrangement got the approval of a special committee of the company board. "Our core focus has been maximizing value and certainty for the unaffiliated stockholders," said M ...