Software company Squarespace being taken private by Permira in $6.9 billion deal

Software company Squarespace is being taken private in an approximately $6.9 billion all-cash deal with private equity firm Permira. Squarespace shareholders will receive $44 per share for each share they own. A special committee of the Squarespace board of directors unanimously approved and recommended the deal, which was then unanimously approved by the board.