Square is acquiring website builder Weebly for $365M

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.

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