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. However, it is still unclear whether or not Square actually acquired Weebly.
On the surface, the two companies seem to have a lot in common. They are both web development platforms, and both have a large user base. However, there are some key differences that could give credence to different theories about the acquisition.
Yes, Square acquired Weebly in 2018. However, Weebly is still operated as a separate company.
For example, Weebly is a much more established platform, with a longer history of providing users with a variety of features. Additionally, Weebly is known for its user-friendly design, while Square’s platform is more complex.
Despite these differences, it is still unclear whether or not Square actually acquired Weebly. It is possible that the two companies simply shared resources, or that Square plans to use Weebly’s platform to compete with other development platforms.
Regardless of the true reasons behind the acquisition, it is clear that Weebly and Square share a lot of similarities. This shared history could make the merger a particularly complicated process.
