Software company Squarespace being taken private by Permira in $6.9 billion deal

  • 📰 AP
  • ⏱ Reading Time:
  • 17 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Finance Business أخبار

Business

Software company Squarespace is being taken private in an approximately $6.9 billion all-cash deal with private equity firm Permira. Squarespace shareholders will receive $44 per share for each share they own.

FILE - A banner for Squarespace hangs at the New York Stock Exchange, Wednesday, May 19, 2021. A special committee of the Squarespace board of directors unanimously approved and recommended the deal, which was then unanimously approved by the board. Squarespace Inc. shareholders will receive $44 per share for each share they own. The company, which helps entrepreneus build brands and businesses online, went public in a direct listing two years ago at $50 per share.

A special committee of the Squarespace board of directors unanimously approved and recommended the deal, which was then unanimously approved by the board.Casalena and long-term investors General Atlantic and Accel, which make up about 90% of the Squarespace’s voting shares, have agreed to vote in favor of the transaction.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 728. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

DeFi platform Hedgey Finance hit by $44 million exploitOver $500 million worth of digital assets were lost to hacks and exploits in Q1 2024.
مصدر: Cointelegraph - 🏆 562. / 51 اقرأ أكثر »