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On Thursday, Square it had agreed to purchase drag-and-drop website builder Weebly for $365 million.

The merger will allow Square and Weebly to be integrated with one another, allowing small businesses to use both and easily build online stores, accoring to a statement.

The cash-and-stock deal is expected to help Square accelerate its international expansion, joining nearly 40% of its 600K+ paid subscribers are not in the US.

Mobile payments gateway company Square is known for its square (get it? they are literally square) payment dongles used by small businesses with tablets or phones to enable easy credit card payments.

The merger is expected to close in the second quarter of 2018.


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