Squarespace to Go Private in $6.9 Billion Deal

Squarespace is going private in a $6.9 billion deal with private equity firm Permira. Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close by the fourth quarter, Squarespace said in a Monday (May 13) press release. Becoming a privately held company will give the website-building platform greater flexibility and resources, the company said in the release. "Squarespace has been at the forefront of providing services to businesses looking to establish the ...