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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