SquarespaceSQSP
SQSP
Delisted
SQSP was delisted on the 18th of October, 2024.
About: Squarespace is a provider of subscription-based website-building software and hosting services primarily servicing entrepreneurs and micro businesses. The company offers a range of add-on and standalone tools, including scheduling functionality, email marketing, member areas for paid content, and design tools for social media and video content. Following the 2021 acquisition of Tock, Squarespace has expanded into servicing hospitality customers with reservation, take-out, and event management software.
Employees: 1,749
Financial journalist opinion
Neutral
Business Wire
2 months ago
Permira Completes Acquisition of Squarespace
NEW YORK--(BUSINESS WIRE)--Permira, the global investment firm, today announced the completion of its funds' acquisition of Squarespace, Inc. (the “Company”) in an all-cash transaction that valued the Company at an aggregated transaction value of approximately $7.2 billion. With the completion of the acquisition, Squarespace is no longer listed on the New York Stock Exchange. As part of the transaction, Squarespace Founder & CEO Anthony Casalena rolled over a substantial majority of his exi.
Neutral
Business Wire
2 months ago
CORRECTING and REPLACING Permira Completes Tender Offer for Outstanding Shares of Squarespace
NEW YORK--(BUSINESS WIRE)--Second paragraph, fourth sentence should read: All shares that were validly tendered will be accepted for purchase on October 14, 2024 (Instead of All shares that were validly tendered will be accepted for purchase on October 15, 2024) The updated release reads: PERMIRA COMPLETES TENDER OFFER FOR OUTSTANDING SHARES OF SQUARESPACE Permira, the global investment firm, today announced the success of its funds' cash tender offer for all outstanding shares of common stock.
Neutral
Business Wire
2 months ago
Permira Completes Tender Offer for Outstanding Shares of Squarespace
NEW YORK--(BUSINESS WIRE)--Permira, the global investment firm, today announced the success of its funds' cash tender offer for all outstanding shares of common stock of Squarespace, Inc. (NYSE: SQSP). The tender offer expired one minute after 11:59 p.m., New York City time, on October 11, 2024. As of expiration, 46,971,451 shares had been validly tendered and not withdrawn from the tender offer. The tendered shares together with the shares rolled over, or sold directly, by affiliates of Anthon.
Neutral
PRNewsWire
2 months ago
Squarespace Refresh 2024: Introducing a New Era for Entrepreneurs
NEW YORK , Sept. 24, 2024 /PRNewswire/ -- Squarespace (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced Refresh 2024 , its annual release of new products, features, and updates that empower entrepreneurs to unlock their creativity and take their business to the next level.
Neutral
GlobeNewsWire
3 months ago
SQSP Merger Update: Johnson Fistel Continues to Investigate Squarespace and its Directors and Management Following Criticism of the Deal Valuation
SAN DIEGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP , a leading stockholder rights law firm, announced that it is investigating claims on behalf of Squarespace, Inc. (NYSE: SQSP) shareholders concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firm Permira.
Positive
PYMNTS
3 months ago
Squarespace Becomes Private Company With $7.2 Billion Permira Deal
Squarespace is becoming a private company, with its new owner offering a more generous deal. The website-building platform had announced plans to merge with private equity firm Permira in a $6.4 million deal.
Positive
Market Watch
3 months ago
Squarespace's stock climbs after buyout bid boosted to $7.2 billion
Squarespace's stock climbed toward a three-year high in premarket trades Monday, after private-equity firm Permira raised its buyout bid for the online brand-building platform.
Positive
Reuters
3 months ago
Permira increases offer price for Squarespace take-private deal
Private equity firm Permira will increase the offer price to take website-design software company Squarespace private to $46.50 per share in cash, valuing the deal at $7.2 billion, the companies said on Monday.
Neutral
PRNewsWire
3 months ago
SQUARESPACE AND PERMIRA AMEND MERGER AGREEMENT TO INCREASE OFFER PRICE TO $46.50 PER SHARE IN CASH
Stockholders to receive an increase of $2.50 per share over the previously announced transaction Purchase price reflects a 36% premium over the 90-day volume weighted average trading price of $34.09, on May 10, 2024, the last trading day prior to the announcement of the original transaction Amended transaction represents 'best and final' offer and provides enhanced, immediate and certain value to Squarespace stockholders Permira to commence tender offer for all of Squarespace's outstanding shares Amended terms unanimously approved by an independent special committee of Squarespace's Board of Directors NEW YORK , Sept. 9, 2024 /PRNewswire/ -- Squarespace, Inc. (NYSE: SQSP) and Permira today announced that they have agreed to amend their previously announced definitive agreement.
Negative
Reuters
3 months ago
ISS recommends Squarespace investors vote against proposed Permira transaction
Proxy advisory firm Institutional Shareholder Services on Friday recommended Squarespace investors vote against a proposed take-private transaction by private equity company Permira later this month.
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