SurveyMonkey owner Momentive Global considers sale - Bloomberg News

Momentive Global

19/10/2022 12:51

Oct 19 (Reuters) - SurveyMonkey owner Momentive Global
Inc  MNTV.O  is weighing a sale after getting takeover interest,
Bloomberg News reported on Wednesday, citing people familiar
with the matter.
    The San Mateo, California-based company, which controls the
popular survey platform, is working with a financial adviser,
the report said, adding that no final decision was made.
    Momentive, which did not immediately respond to a Reuters'
request for comment, rose nearly 13% in trading before the bell.
    The company had a market capitalization of $958 million, as
of last close. 
    Shares of the company have fallen ~69% so far this year.
    Last year, software services company Zendesk Inc  ZEN.N 
proposed to buy Momentive for nearly $4 billion in an all-stock
deal, but later refused due to opposition from shareholders.
 urn:newsml:reuters.com:*:nL4N2RO5WH
 (Reporting by Tiyashi Datta in Bengaluru; Editing by Shinjini
Ganguli)
 ((tiyashi.datta@thomsonreuters.com;))