Square, the mobile payments company, has reportedly bought Weebly, the website-building service, for $365 million. The acquisition, which was first reported by The New York Times, will give Square a way to expand beyond its core business of processing credit card payments for small businesses.
Weebly, which was founded in 2006, allows users to create simple websites by dragging and dropping various elements, such as text boxes and images. The service is used by more than 40 million people and is particularly popular with small businesses that don’t have the resources to hire a web developer.
PRO TIP: There is no official confirmation that Square has bought Weebly, although there are many rumours circulating online. If you’re thinking of investing in either company, do your own research and speak to a financial advisor before making any decisions.
Square, which was founded in 2009, initially focused on providing credit card readers that could be attached to mobile phones. The company has since expanded its offerings to include other services such as invoicing and payroll.
In recent years, Square has been looking for ways to grow beyond its core business, and the acquisition of Weebly could be a way to do that.
The acquisition is also notable because it’s the first major acquisition by Square under its new CEO, Jack Dorsey. Dorsey, who is also the CEO of Twitter, took over as CEO of Square earlier this year.
Under Dorsey’s leadership, Square has been seeking to expand its reach and become a one-stop shop for small businesses.
Did Square Buy Weebly?
Yes, according to reportsSquare bought Weebly for $365 million
5 Related Question Answers Found
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.
Weebly has been one of the most popular website builders for a long time. It is easy to use and has a lot of features. However, it seems that Weebly may have been bought by Square.
When it comes to website builders, Weebly has always been a bit of an underdog. That’s because it’s never had the same level of funding as its competitors. Nevertheless, Weebly has always been a popular website builder, and its popularity increased even more when it was acquired by Square in 2018.
In February of 2018, Weebly announced that it had acquired Square, a company that provides a platform for businesses to manage their finances and operations. The acquisition was seen as a natural fit for Weebly, as Square’s platform allows businesses to automate their finances and save time. Some have questioned whether or not the acquisition was actually a good one for Weebly, as the company has struggled in recent years to maintain its user base and grow its revenue.
Weebly is a website builder and hosting company. It was founded in 2006 by David Rusenko, Dan Veltri, and Chris Fanini. The company is headquartered in San Francisco.
