_squarespace-agrees-to-366-9-billion-all-cash-deal-going-private-with-permira.jpg "Squarespace Agrees to $6.9 Billion All-Cash Deal, Going Private with Permira from tower communications stock Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36
👁 View: 680K times
✓ Published: 14-May-2024
👁 View: 680K times
✓ Published: 14-May-2024
Description:
Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets.
Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_watch-alaa-murabit39s-toast-at-the-2024-time100-impact-dinner-leaders-shaping-the-future-of-health.webp "Alaa Murabit—director of global policy, advocacy, and communications for the Bill & Melinda Gates Foundation—spoke about starting her medical career in a conflict zone and how she is inspired by frontline health workers in Gaza, Ukraine, Yemen, and Sudan.")
⏲ 3:55 👁 10.1M
_stock-markets-rally-amid-investor-hopes-for-interest-rate-cuts-in-2024.webp "Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \")
_watch-skydivers-wingsuit-under-londons-tower-bridge.webp "Watch Austrian daredevils Marco Fürst and Marco Waltenspiel make history as they navigate their wingsuits through London's iconic Tower Bridge.<br/>The daredevils reached mind-blowing speeds of up 246 km/h as they sped underneath the bridge in their Red Bull-powered wingsuits!<br/>#Wingsuit#towerbridge #redbull #Skydiving <br/>#London #Adrenaline #Daredevil #ExtremeSports")
_peerless-battle-spirit-ep-9-eng-sub.webp "For the first time in a long time, the leader of the four main sects, the Xuanling Sect, traveled to Shuicheng to choose pupils. A battle broke out between the families of Fang and Qin, both in public and privately, over this chance that would decide their future.Ultimately, Qin Nan overcame the Fang family by relying on his hard work, exceptional skill, and the God of War Soul he happened to acquire. He also had the fair judgment of the messenger Xiao Qingxue. Due to Qin Nan's role in Xiao Qingxue's forced marriage, Ouyang Jun, the son of the sect head, became enraged with him after he joined the group.Qin Nan continually vanquished formidable foes, took first place in both the Wanxiang and Outer Sect Competitions, entered the Wuyuan Pavilion with the four main sect geniuses, and gained the ability to agitate the continent in an effort to continue growing stronger and repay Xiao Qingxue's kindness. Discovering a startling secret, scheduling a battle with Leng Feng in the Palace of Life and Death, escaping the Beihai family's siege of Linshui City, investigating the Nine-Character Mantra Tower, and making a final commitment to battle the sect's malevolent forces—all of these things happened.<br/>")
_watch-alaa-murabit39s-toast-at-the-2024-time100-impact-dinner-leaders-shaping-the-future-of-health.jpg)
_stock-markets-rally-amid-investor-hopes-for-interest-rate-cuts-in-2024.jpg)
_watch-skydivers-wingsuit-under-londons-tower-bridge.jpg)
_peerless-battle-spirit-ep-9-eng-sub.jpg)
![[+]](/images/menu.gif){kind=small}