What’s the Impact of the Weebly Deal?

Square (SQ) is on track to report what will be its first full quarter since it closed the deal to acquire website and online store builder Weebly. The transaction closed at the end of May. Square said it was paying ~$365 million in a combination of cash and stock for Weebly, its largest acquisition transaction to date. Weebly operates globally and has millions of customers, of which 625,000 are paid subscribers, meaning customers who pay ongoing fees to use Weebly’s array of services and tools to build websites and set up online stores for e-commerce activities.