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SurveyMonkey-owner Momentive Climbs 9% on Report it’s Considering a Sale By Investing.com

by Mike Robinson

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© Reuters.

By Dhirendra Tripathi

Investing.com – Stocks of SurveyMonkey-owner Momentive Global (NASDAQ:) surged 9% Friday on a Bloomberg report that the company has received takeover interest and is considering its options including a sale.

The report states that the company has begun discussions with a financial advisor. The deal could or might not happen.

SurveyMonkey allows users to fill in surveys, quizzes, and polls online.

According to the report, activist investors are also pushing for Momentive’s sale. The report stated that Momentive was exploring other options on its own.

Although the business was previously known as Svmk, it changed its name to focus more on enterprise clients. According to the company, SurveyMonkey will not be changing.

One of its rivals, Medallia (NYSE :), agreed earlier in the year to become private under an agreement with Thoma Bravo.

 

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