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Private equity firm Permira acquires Squarespace for $7.2B, CEO Anthony Casalena retains role.
Private equity firm Permira has finalized its acquisition of website builder Squarespace for $7.2 billion, increasing its initial bid.
Squarespace's CEO, Anthony Casalena, will remain in his role with an ownership stake.
The acquisition follows a significant recovery from a market cap low of $2 billion in 2022, driven by improved earnings.
Additionally, Squarespace sold its restaurant reservation service, Tock, to American Express for $400 million.
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La empresa privada Permira adquiere Squarespace por $7,2B, el CEO Anthony Casalena conserva su papel.