Squarespace, a website builder, and hosting company, has announced that it has entered into a definitive asset purchase agreement with Google to acquire the assets associated with the Google Domains business. The deal is expected to close in the third quarter of 2023 and is valued at $180 million.
Google Domains is a domain registrar that allows users to purchase and manage domain names. The company currently has over 10 million domains under management. As part of the acquisition, Squarespace will inherit Google Domains’ customer base, as well as its infrastructure and technology.
“We are exceptionally proud to be chosen to serve the customers of the Google Domains business,” said Anthony Casalena, Founder & CEO of Squarespace. “Domains are a critical part of web infrastructure and an essential piece of every business’s online presence. We look forward to serving these new customers as we have served millions using our domain products and are committed to ensuring a seamless transition.”
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The acquisition of Google Domains is a significant move for Squarespace. The company has been growing rapidly in recent years, and the addition of Google Domains’ customer base will give Squarespace a major boost. The deal is also a sign that Google is continuing to streamline its business. The company has been selling off non-core businesses in recent years, and the sale of Google Domains is another example of this trend.
For Google Domains customers, the acquisition means that they will continue to be able to purchase and manage their domain names through Squarespace. Squarespace has said that it will honor all existing Google Domains customers’ renewal prices for at least 12 months following the closing of the transaction. The company has also said that it will provide additional incentives to encourage Google Domains customers to build a website with Squarespace and adopt other Squarespace offerings.
The acquisition of Google Domains is a major win for Squarespace. The deal will give the company a significant boost in terms of customer base and technology. It is also a sign that Google is continuing to streamline its business.
Here are some of the key takeaways from the announcement:
- Squarespace is acquiring Google Domains for $180 million.
- The deal is expected to close in the third quarter of 2023.
- Squarespace will inherit Google Domains’ customer base of over 10 million domains.
- Squarespace will honor all existing Google Domains customers’ renewal prices for at least 12 months.
- Squarespace will provide additional incentives to encourage Google Domains customers to build a website with Squarespace.
- The acquisition is a major win for Squarespace and a sign that Google is continuing to streamline its business.
What does this mean for Google Domains customers?
Google Domains customers should expect a smooth transition to Squarespace. Squarespace has said that it will honor all existing Google Domains customers’ renewal prices for at least 12 months. The company has also said that it will provide additional incentives to encourage Google Domains customers to build a website with Squarespace.
Overall, the acquisition of Google Domains is a positive development for both Squarespace and Google Domains customers. Squarespace will gain a significant boost in terms of customer base and technology, while Google Domains customers will continue to be able to purchase and manage their domain names through a trusted provider.
