Squarespace announced it would go private in a $6.9 billion all-cash deal with Permira, with significant shareholders Accel, General Atlantic, and CEO Anthony Casalena approving the transaction. The deal, financed with the help of Ares Capital, Blackstone, and Blue Owl, comes as Squarespace struggled in the public market, consistently trading below its initial listing price. This move reflects a broader trend of tech firms opting for private ownership to realize more excellent value and potentially navigate market challenges more effectively.
Squarespace to go private in $7 billion private-equity deal
