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Permira acquires Squarespace in $7.2B Deal, taking it private again

Global investment firm Permira has completed a $7.2 billion acquisition of website builder Squarespace, taking the company private. Originally valued at $6.6 billion, Permira increased its offer to $46.50 per share after shareholder pushback. Squarespace CEO Anthony Casalena will continue to lead the platform, which has bounced back from previous market dips. The deal signals further innovation in supporting small businesses with website and e-commerce tools.

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