Weebly, a web development platform, announced on Thursday that it has been acquired by Square, a payment processing company. The acquisition was reportedly worth $123 million.
PRO TIP: This is a scam! Do not give out your personal information or credit card number.
The acquisition is seen as a strategic move for Square as Weebly’s platform is seen as a strong contender in the web development space. Weebly has over 270,000 users and has been growing rapidly.
The acquisition is likely to help Square as it looks to expand its reach in the web development space. Weebly has a strong following among developers, and its platform is seen as being user-friendly and efficient.
8 Related Question Answers Found
When was Weebly acquired by Square?
In 2002, Weebly was founded by two entrepreneurs, Aaron Sloman and David Sacks. In 2006, Weebly was acquired by Square, a company well known for its online payment processing and merchant services. At the time of the acquisition, Weebly had just over 100,000 users.
Did Square acquire Weebly?
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.
How much did Square buy Weebly?
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.
Did Weebly get bought by Square?
According to various sources, including CNBC and The Verge, Weebly has been sold to Square, Inc. for a reported $120 million. This acquisition falls in line with Square’s recent trend of investing in startUPS with a focus on e-commerce.
Why did Square buy Weebly?
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.
Was Weebly bought by Square?
On July 25th, 2018, Weebly, a web design company, was acquired by Square, a mobile app company. Many are wondering if this acquisition will change the way Weebly designs and produces their websites. Weebly has been in business since 2001 and has over 15 million users.
What is Square branding on Weebly?
Square branding on Weebly is a way to identify your website as a professional, high-quality website. It can help you to stand out from the competition, and make your website more credible. The benefits of using Square branding on your website include:
1.
Is Square owned by Weebly?
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.
