Permira to take Squarespace private in all-cash deal valued at $6.9 bln (updated)

Squarespace

13/05/2024 12:09

(Adds share movement and details in paragraphs 2-3)
       May 13 (Reuters) - Private equity firm Permira will take
Squarespace  SQSP.N  private in an all-cash deal valued at about
$6.9 billion, the website-design platform said on Monday.
    Shares of the company rose 11% in premarket trading.
    Permira's offer price of $44 per share, represents a 15.2%
premium to the stock's last closing price on Friday.

 (Reporting by Akash Sriram in Bengaluru; Editing by Shilpi
Majumdar)
 ((Akash.Sriram@thomsonreuters.com; On X as @HoodieOnVeshti;
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