SurveyMonkey Owner Acquired by a Private Equity Firm in Deal Valued at $1.5 Billion

SurveyMonkey owner Momentive Global on Monday said it would be acquired by a consortium led by private equity firm Symphony Technology Group in an all-cash deal that values the company at about $1.5 billion.

Shares in the San Mateo, California-based firm, which controls the popular survey platform, jumped 18.5% to $9.15 in extended trading.

Under the terms of the deal, Momentive shareholders will get $9.46 for each share owned, representing a premium of about 46% to the stock’s last close before media reports of a potential sale emerged in October.

Read the source article at yahoo.com