April 26, 2018

From Webbly blog:

That’s why we’re incredibly proud to announce that we’ve entered an agreement to be acquired by Square. Together, we will support you to build professional websites and powerful commerce experiences — whether online or in real life.

This makes a lot of sense. Square is a payment system that’s used mostly offline. If it becomes the default payment processor for Webbly sites, that’s a lot of volume.

From CNBC:

The merger is expected to close in the second quarter of 2018, and Weebly employees will get Square stock that vests over the next four years.

Curious how excited Weebly employees are with this — Square is cool, but doesn’t seem like a sure bet to me.


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