_squarespace-agrees-to-366-9-billion-all-cash-deal-going-private-with-permira.jpg "Squarespace Agrees to $6.9 Billion All-Cash Deal, Going Private with Permira from agree bird Video Screenshot Preview")
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✓ Published: 14-May-2024
👁 View: 680K times
✓ Published: 14-May-2024
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Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets.
Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets.
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![The reports of Rory McIlroy and Tiger Woods' deteriorating relationship came to life on Thursday at the PGA Championship as a frosty exchange between the pair was caught on camera.<br/><br/>As the two crossed paths at Valhalla, they didn't greet one another - let alone look in each other's direction - during the tournament's first day.<br/><br/>At the time of writing, Woods is one-over-par through 10 holes while McIlroy is one-under through 11.<br/><br/>The interaction - or lack thereof - comes amid reports from Golf Digest that Woods and McIlroy's relationship has 'soured over the past six months' yet 'remains cordial'.<br/><br/>McIlroy resigned from his position on the PGA Tour board in November. However, the Northern Irishman had looked set to return to that role in recent weeks as the organization continues its negotiations with LIV Golf.<br/><br/>However, the board reportedly voted against McIlroy's re-inclusion, and according to The Telegraph, Woods was one of the player executives who voted 'no' on a McIlroy return. <br/><br/>The board comprises Patrick Cantlay, Peter Malnati, Adam Scott, and Jordan Spieth.<br/><br/>McIlroy acknowledged that 'old wounds had re-opened' in his failed reintegration to the board.<br/><br/>'It just got pretty complicated and pretty messy,' he said at the Wells Fargo Championship last week.<br/><br/>'With the way it happened, it opened up some wounds and scar tissue from things that have happened before. 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We’re in a great position right now.<br/><br/>McIlroy's appearance at the PGA Championship comes amid his divorce from his wife Erica Stoll, which was confirmed by his communications team earlier this week.<br/><br/>The pair had been married for seven years and share one daughter, Poppy.<br/><br/>McIlroy's communications team stressed his 'desire to ensure this difficult time is as respectful and amicable as possible.'](https://cdn4.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFwShGmSwFTIsJRSsIKuiFF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_shocking-moment-as-rory-mcilroy-and-tiger-woods-completely-ignore-each-other-at-pga-championship.webp "The reports of Rory McIlroy and Tiger Woods' deteriorating relationship came to life on Thursday at the PGA Championship as a frosty exchange between the pair was caught on camera.<br/><br/>As the two crossed paths at Valhalla, they didn't greet one another - let alone look in each other's direction - during the tournament's first day.<br/><br/>At the time of writing, Woods is one-over-par through 10 holes while McIlroy is one-under through 11.<br/><br/>The interaction - or lack thereof - comes amid reports from Golf Digest that Woods and McIlroy's relationship has 'soured over the past six months' yet 'remains cordial'.<br/><br/>McIlroy resigned from his position on the PGA Tour board in November. 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