Wix stock price outlook after Squarespace’s acquisition
Wix (NASDAQ: WIX) stock price came into the spotlight on Monday after Permira, a London-based private equity company, acquired Squarespace (SQSP) in a $6.9 billion all-cash transaction. It jumped by over 3% as Squarespace surged by over 13%. Squarespace’s acquisition’s implication for WixSquarespace and Wix are some of the biggest website builders globally, with millions of users from around the world. The other big players are companies like GoDaddy, Weebly, and WordPress. Wix and Squarespace have a market cap of over $6.8 billion and $5.25 billion, respectively, meaning that Permira paid a b...