Vistaprint Scoops Up Site-Builder Webs For $117.5M

Law360, New York (December 19, 2011, 2:50 PM EST) -- Marketing company Vistaprint NV has agreed to acquire Webs Inc., a Silver Spring, Md.-based provider of do-it-yourself websites, Facebook pages and mobile sites, for $117.5 million in cash and restricted stock, the companies said Monday.

Vistaprint, which is becoming more aggressive in acquiring companies, said Webs has served more than 40 million customers since its founding in 2001. Privately held Webs boasts more than 100,000 paying subscribers and attracts more than 20,000 new users per day, according to the companies.

Vistaprint, based in the Netherlands, will...
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