Square to Acquire Weebly

SAN FRANCISCO--( BUSINESS WIRE)--Square, Inc. (NYSE: SQ) has entered into a definitive agreement to acquire Weebly. Square will pay a mix of cash and stock of approximately $365 million, which includes Square restricted stock units for Weebly's founders and employees that will vest over four years subsequent to closing.

This consideration includes Weebly’s estimated net cash. Weebly is a San Francisco–based technology company that provides customers with tools to easily build a professional website or online store.