Alphabet selling Google domains assets to Squarespace

Alphabet Inc. is winding down its Google Domains business and selling its assets to Squarespace Inc., according to a statement Thursday.

Squarespace is acquiring the assets associated with the business for about $180 million, according to a person familiar with the matter, who asked to not be identified because the financial details of the transaction aren’t public.

The assets include “10 million domains hosted on Google Domains spread across millions of customers,” according to the statement, confirming a Bloomberg News report.