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The Active Network (ACTV)

- NYSE
ACTV is defunct.
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  • Sep. 30, 2013, 8:04 AM
    • Active Network (ACTV) agrees to be acquired by Vista Equity Partners for $14.50 per share in cash, or about $1.05B.
    • Vista's interest was initially reported last week.
    • Shares +26.3% to $14.40 premarket.
    • Press release.
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  • Sep. 27, 2013, 5:06 PM
    • 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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  • Aug. 1, 2013, 5:17 PM
    • Active Network (ACTV) says it has " received expressions of interest from outside parties ranging from an investment ... to an acquisition." The board has created a committee to evaluate its options.
    • Though investors are naturally more interested in other matters, Active's guidance is light. Q3 guidance is for revenue of $113M-$116M and a net loss of $4M-$9M, worse than a consensus of $121.6M in revenue and EPS of $0.01. 2013 guidance is for revenue of $451M-$456M and a net loss of $35M-$41M vs. a revenue/EPS consensus of $462.7M and -$0.18.
    • Q2 results, PR
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Company Description
Active Network, Inc., provide applications that form an online network connecting a fragmented and diverse group of activity and event organizers with a large base of potential participants.