Squarespace to Go Private in Year's Second Biggest LBO.

Website-builder Squarespace Inc. is being acquired by private equity firm Permira for approximately $6.6 billion in cash, making it the second-largest take-private deal of the year. The deal values Squarespace at $6.9 billion, including debt. Squarespace went public in 2021 but saw a decline in its stock price. Squarespace CEO Anthony Casalena will continue to lead the business and retain a majority of his equity. The transaction reflects a growing trend of private equity investment in the technology sector. [Extracted from the article]