Seeking Alpha

Bloomberg: Active Network has received bids from 2 P-E firms

  • Active Network (ACTV +0.6%) has received interest from Thoma Bravo and Vista Equity Partners, Bloomberg reports citing sources. GTCR chose not to bid after considering an offer. Second round bids are due Oct. 7.
  • Bloomberg reports that a source sees ACTV fetching as much as $770M, or an ~8% premium to today's close.
  • ACTV shares have run up 37.2% since the company announced it had received "expressions of interest" on Aug. 1.
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