Square, Inc. is a financial services, merchant services aggregator, and mobile payment company based in San Francisco, California. The company was founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first product, a mobile payments platform called Square Register, in 2010.
In 2012, Square started allowing merchants to sell online through Square Market, and in 2013, the company launchedSquare Cash, a peer-to-peer payments service. In 2014, Square introduced Square Capital, a business lending platform.
In 2015, the company launched Square Order, an online ordering platform. In 2018, the company acquired Weebly.
PRO TIP: This article is about Square, Inc.’s purchase of Weebly, Inc. and may be out of date.
Weebly is a web hosting service founded in 2006. The company is headquartered in San Francisco.
Weebly allows users to create websites and online stores. The service includes web hosting, domain registration, e-commerce features, and website builder tools. Weebly has over 40 million customers in over 175 countries.
On April 24th 2018 it was announced that Square had acquired Weebly. The acquisition was completed on May 1st 2018.
When Did Square Purchase Weebly?
On April 24th 2018 it was announced that Square had acquired Weebly.
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Square, a mobile payments company, has announced that it has acquired Weebly, a web development platform. The acquisition is seen as a strategic move for Square as Weebly’s platform provides a customizable and user-friendly platform for businesses to create and manage their websites. The acquisition is also seen as a way for Square to expand its reach into the web development market.
In the past few years, both Square and Weebly have seen their share prices rise significantly. In November of 2017, Weebly announced that it had been acquired by Square for a reported $300 million. Some have speculated that this acquisition was in anticipation of Square’s plans to enter the online development market.
In February of 2016, Square Inc. announced that it had acquired Weebly, a web development platform, for $365 million in cash and stock. At the time of the acquisition, Weebly had a valuation of $2.6 billion.
Weebly, an website builder that allows users to create custom sites with drag-and-drop tools, has been acquired by Square, the company announced Thursday. The all-cash deal is valued at $365 million, and Weebly will continue to operate as a standalone business under its current leadership team, the companies said. Square said it plans to invest in Weebly’s growth and will look for opportunities to integrate its products.
Square, the mobile payments company, announced on Wednesday that it has acquired Weebly, a web development platform. The acquisition is likely motivated by Square’s aim to become a more comprehensive financial platform. Weebly has a large user base and a well-established platform.
When Square acquired Weebly in 2015, the deal was valued at around $736 million. Although the exact amount was undisclosed, the acquisition represented a significant gain for the company, which had been struggling financially at the time. Weebly offered a user-friendly platform for creating and sharing websites, and its popularity made it an attractive Target for Square.
