Square just announced that it’s reached an agreement to acquire Weebly for $365 million in cash and stock.
While Square is best known for its payment software and hardware, it’s also been expanding into other areas; for example, with the acquisition of food delivery service Caviar and corporate catering startup Zesty.
Weebly, meanwhile, offers easy-to-use website-building tools. While those tools can be used by individuals (my personal website is built on Weebly), the company has increasingly focused on serving small businesses and e-commerce companies.