Cloud company Endurance to buy Constant Contact in $1.1 billion deal

Reuters News
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Posted: Nov 02, 2015 7:15 AM

(Reuters) - Endurance International Group Holdings Inc, which makes cloud-based software, said it would buy online marketer Constant Contact Inc in deal valued at about $1.1 billion.

Endurance International's offer of $32 per Constant Contact share in cash represents a 22.6 percent premium to the stock's close on Friday.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D'Souza)