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LogMeIn gains on $4B deal talks

|About: LogMeIn, Inc. (LOGM)|By:, SA News Editor

PE firm Francisco Partners Management is partnering with Elliott Management in a bid to take LogMeIn (NASDAQ:LOGM) private, according to Bloomberg sources.

The firms are in advanced talks for the more than $4B deal, which could be announced in the coming weeks.

No final decision has been made, and the details could still change.

LogMeIn shares raised more than 10% after the story. LOGM is currently up 7.3% to $79.43.

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