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.
