-

Momentive Global, The Owner Of SurveyMonkey, Will Go Private In A $1.5 Billion Deal

Business/EconomyMomentive Global, The Owner Of SurveyMonkey, Will Go Private...

Owner of SurveyMonkey Momentive Global said on Monday that it would be bought by a group led by private equity firm Symphony Technology Group for an all-cash price of around $1.5 billion.
In extended trading, shares of the San Mateo, California-based company that runs the well-known survey platform increased 18.5% to $9.15.

According to the terms of the agreement, Momentive owners would receive $9.46 for each share they own, a premium of around 46% over the stock’s most recent finish before news of a potential sale broke in October.

The agreement, which is anticipated to be finalized in the second or third quarter of 2023, follows a 2021 offer by software services giant Zendesk to acquire Momentive for around $4 billion in an all-stock transaction that was later rejected owing to shareholder objections.

Latest news

Why Register on Sports Online Website BitSpinWin?

Registering on BitSpinWin opens the door to a world of possibilities. Whether you're seeking the thrills of a Vegas-X...

Dining in Yas Island: Discover the Best Steak Restaurant in Abu Dhabi

Yas Island is a vibrant destination in Abu Dhabi, offering a plethora of dining experiences that cater to every...

Detecting Pet Urine in the Carpet with a UV light

If you own your own rental property or rent a person else property, then you may be familiar with...

The Benefits of Professional Event Video Production

In the modern digital landscape, capturing the essence of your events through high-quality videos is more important than ever....

Top Link Building Services: Building Authority and Rankings

In the constantly changing world of SEO, link building remains one of the key factors to enhancing the web...

A Helpful Guide to Choosing the Best Deck Railings

Introduction When it comes to building or renovating a deck, one of the most important decisions you'll make is choosing...

You might also likeRELATED
Recommended to you

0
Would love your thoughts, please comment.x
()
x