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Square to buy website-building company Weebly for $365M

posted onApril 27, 2018
by l33tdawg
square
Credit: square

Square said Thursday it has agreed to acquire website-building company Weebly for $365 million.

The cash-and-stock deal will allow small business customers to use both Weebly and Square to easily build professional websites and online stores, the companies said in a statement. The deal is expected to help Square accelerate its international expansion, as nearly 40 percent of its 625,000 paid subscribers are outside the US.

Founded in 2007, Weebly has raised $35.7 million in funding from Sequoia Capital, Tencent Holdings, Baseline Ventures, Floodgate, Felicis, Ron Conway and Y Combinator, according to CrunchBase.

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