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Square to Acquire Website Builder Weebly for $365 Million

  • Biggest purchase so far for Square will add revenue stream
  • Weebly has 625,000-plus paid subscribers and global reach
Square Inc. Devices As Mobile Payments Market Set To Grow
Photographer: David Paul Morris/Bloomberg

Square Inc. agreed to acquire website-builder Weebly for $365 million as the payments company seeks to expand its customer base and become a one-stop-shop for small and medium-sized businesses.

The acquisition is Square’s biggest so far and gives the company access to Weebly’s millions of customers and more than 625,000 paid subscribers. The transaction will give Square a new recurring revenue stream; Weebly gets access to Square’s payments system. Almost 40 percent of Weebly’s paid subscribers are outside the U.S., which will help fuel Square’s global expansion.