Event software firm Cvent Holding explores sale - WSJ
31/01/2023 21:18
Jan 31 (Reuters) - Cvent Holding Corp CVT.O is
exploring a sale that could value the cloud-based event-software
provider at upwards of $4 billion, the Wall Street Journal
reported on Tuesday citing people familiar with the matter.
The firm has attracted interest from private equity firms
including Blackstone Inc BX.N , the report added.
Shares in the company closed nearly 23% higher on Tuesday
after the potential sale was reported in the media. Stock was up
roughly 2% in after market trading.
Cvent did not immediately respond to a Reuters request for
comment on the report.
(Reporting by Manya Saini in Bengaluru; Editing by Shailesh
Kuber)
((Manya.Saini@thomsonreuters.com;))