Constant Contact to be acquired by Endurance International Group

Endurance International Group (EIG) the parent company behind name brand web hosting services such as Host Gator & BlueHost among many. Has announced that the company will acquire email marketing company Constant Contact, Inc. EIG will pay $32 per share for each share of Constant Contact outstanding valuing Constant Contact at $1.1 billion dollars. This will be one of EIG’s largest acquisitions to date.

EIG and Constant Contact expect the transaction be completed by the first quarter of 2016. The transaction is subject to the usual closing conditions and Constant Contact shareholder approval. EIG plans to pay for the transaction via debt financing. EIG will be financing $1.085 billion dollars out of the $1.1 billion dollar price being paid for Constant Contact.

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