On April 13, 2018, Square Inc. announced that it would be acquiring Weebly, a website builder founded in 2006, for $365 million. The deal is expected to close by the end of 2018.
Weebly will continue to operate as an independent company, and its employees will remain in San Francisco. However, Square will now own Weebly, and the two companies will work together to help small businesses grow.
This is a big move for Square, which has been working hard to expand its services beyond just processing payments. Weebly will give Square access to a whole new group of customers – small businesses that need help building and growing their online presence.
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For Weebly, this deal is an opportunity to tap into Square’s resources and expertise. Weebly will now have access to Square’s large customer base, and the two companies will be able to work together to offer more comprehensive services to small businesses.
The acquisition is a win-win for both companies, and it’s sure to help them both grow in the coming years.
How Much Did Square Buy Weebly For?
$365 million.
6 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.
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.
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.
Weebly, a website creation platform, announced on Wednesday that it had raised $126 million in a Series D funding round led by Fidelity Investments and including participation from previous investors Andreessen Horowitz, Index Ventures, and Social Capital. This brings the total amount of Weebly’s funding to $364 million. Weebly’s valuation has increased substantially since its inception.
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.
Weebly is a website builder that allows users to create and maintain a website without having to write any code. Square is a financial services company that provides businesses with a way to accept credit and debit card payments. Both companies offer similar services, but they are not the same thing.
