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Square to buy Weebly for $365 million

Battle for website building and ecommerce platform supremacy is heating up.

Payments company Square (NYSE: SQ) is acquiring website building company Weebly, the company announced this afternoon. The $365 million cash and stock deal is expected to close by the end of the quarter.

One of Weebly’s largest competitors, Wix (NASDAQ: WIX), has a market cap of $4 billion. E-commerce platform Shopify (NYSE: SHOP) has a market cap of over $12 billion.

Weebly has generally been seen is the third player in the non-WordPress site builder market behind Wix and SquareSpace (no relation to Square).

Over the past year it has significantly enhanced its ecommerce capabilities as the market has moved in that direction.

Yesterday BigCommerce, a Shopify competitor based in Austin, announced a $64 million funding round led by Goldman Sachs.

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  1. Sigma says

    There is Grammarly.com, Bitly.com, and now Square is buying Weebly.com for $365 million!! Silicon Valley, Softwarely.com is available too…

  2. lotion says

    Wonder what’s going to happen to all the people grandfathered in to their plan from years ago?

  3. Joseph Peterson says

    Market demand for easy-to-use website builders isn’t going away anytime soon. Those who invest now and grab market share might hold onto that territory for awhile.

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