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Squarespace now officially owned by private equity.
It was announced in May but the deal to sell the website maker to private equity firm Permira is now closed, following some haggling which raised the final price from $6.9B to $7.2B. CEO Anthony Casalena is staying on board and keeping his ownership stake — he told me on Decoder in 2023 that it wasn’t “the most fun time to be a public tech company,” so we’ll see if he likes being a PE CEO any better.
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