SurveyMonkey owner Momentive Global Inc. is weighing a sale after getting takeover interest, according to people familiar with the matter.
(Bloomberg) — SurveyMonkey owner Momentive Global Inc. is weighing a sale after getting takeover interest, according to people familiar with the matter.
The San Mateo, California-based company is working with a financial adviser, said the people, who asked to not be identified because the information isn’t public. No final decision has been made and Momentive could opt to remain independent.
Momentive shares rose as much as 20% in US premarket trading, putting them on track to gain for a fifth straight day. The company had a market value of about $958 million as of Tuesday’s close.
A representative for Momentive declined to comment.
Zendesk Inc. agreed to buy Momentive last year, but nixed the deal after shareholders in both companies opposed the pact.
Momentive received takeover interest from private equity firm Permira before striking that deal, Bloomberg News reported.
SurveyMonkey provides software that allows its users to easily create surveys, quizzes, and polls for any audience, according to its website.
–With assistance from Matt Turner and Gillian Tan.
(Updates with premarket share move in third paragraph.)
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