Squarespace to go private in $7 billion private-equity deal
Publishing timestamp: 2024-05-13 09:21:51
Summary
Squarespace will go private in a $6.9 billion, all-cash deal with Permira. Major shareholders and CEO have approved the deal, which is being financed with help from Ares and Blackstone. Squarespace struggled as a publicly traded company and will now be taken private in hopes of unlocking its full potential. Other tech companies have also gone private recently in similar moves.
Sentiment: NEUTRAL
Keywords: business news, breaking news, squarespace inc, technology, blackstone inc, anthony casalena, breaking news: technology,
Source: https://www.cnbc.com/2024/05/13/squarespace-to-go-private-in-7-billion-private-equity-deal.html