Squarespace, Inc. acquired Tock, Inc. for approximately $420 million.
March 30, 2021
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Squarespace, Inc. acquired Tock, Inc. for $400 million on March 31, 2021. The consideration is paid mix of cash and stock.
Squarespace, Inc. completed the acquisition of Tock, Inc. for approximately $420 million on March 31, 2021. Squarespace paid aggregate consideration of $415 million, consisting of $226.8 million of cash and 2,750,330 shares of Squarespace Class C common stock, subject to customary post-closing adjustments, based on, among other things, working capital, indebtedness and cash. Christopher Barlow, Ryan Dzierniejko, Joseph Penko, Jessica Cohen, Gavin White, Trevor Allen and David Schwartz of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Squarespace. Brian J. Fahrney, Christopher Hale of Sidley Austin LLP acted as legal advisor to Tock. Chris Smith of BDO provided financial due diligence to Squarespace, Inc.
Squarespace, Inc. provides a design-driven platform helping entrepreneurs build brands and businesses online. The Company enables its users in more than 200 countries and territories with all the tools they need to create an online presence, build an audience, monetize, and scale their business. Its suite of products ranges from Websites, domains, e-commerce, and marketing tools, as well as tools for scheduling with Acuity, creating and managing social media presence with Bio Sites and Unfold, and hospitality business management via Tock. It provides tools for customers to transact in the ways that work for their businesses, including scheduling, digital content and hospitality functionality for service sellers and tailored products for physical goods sellers. It provides customers with tools to help them grow their businesses through data insights and marketing amplification. Its customers represent a range of industries and sizes, ranging from sole proprietors to large enterprises.
SQUARESPACE, INC. 
