Francisco Partners agreed to acquire Weave Communications (NYSE: WEAV) in an all-cash transaction valued at approximately $650 million.
Weave shareholders will receive $7.40 per share. This offer represents a 34% premium over the stock's closing price on August 17, 2026.
Weave’s board of directors unanimously approved the acquisition. The company will delist from the NYSE and operate as a private entity following the transaction.
The deal marks a significant shift for Weave, which originally went public in November 2021. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals.