Permira completes Squarespace acquisition after upping bid to $7.2B [TechCrunch]
Squarespace, Inc. Class A (SQSP)
Company Research
Source: TechCrunch
Permira first revealed plans to acquire Squarespace back in May , offering shareholders in the NYSE-traded company $44 per share — this equated to an equity valuation of $6.6 billion, and an enterprise valuation of $6.9 billion. However, proxy advisory firm Institutional Shareholder Services (ISS) recommended that Squarespace shareholders reject the offer, on the basis that the transaction didn't maximize the value for shareholders — particularly given that Squarespace's financial outlook was strong. And so Permira upped its offer last month to $46.50 per share, representing a valuation of around $7.2 billion. On Monday, Permira announced that it had successfully bought most of the shares and would be completing a second-step merger to acquire all outstanding shares from remaining shareholders who didn't participate in the tender offer — and that step is now complete. On Tuesday, Squarespace also completed the sale of its restaurant reservation service Tock to American Express, i
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SQSP
News
- Permira Completes Acquisition of Squarespace [Yahoo! Finance]Yahoo! Finance
- Squarespace, Inc. (NYSE: SQSP) had its "market perform" rating re-affirmed by analysts at William Blair.MarketBeat
- Permira Completes Tender Offer for Outstanding Shares of SquarespaceBusiness Wire
- Q2 Earnings Highs And Lows: GoDaddy (NYSE:GDDY) Vs The Rest Of The E-commerce Software Stocks [Yahoo! Finance]Yahoo! Finance
- CPO Paul Gubbay says Squarespace is training its AI tools with curation and taste [TechCrunch]TechCrunch
SQSP
Earnings
- 8/2/24 - Miss
SQSP
Sec Filings
- 10/17/24 - Form SC
- 10/17/24 - Form 4
- 10/17/24 - Form SC
- SQSP's page on the SEC website