ON24 Acquisition and Premium Dynamics

21 days ago

"The ticker is shares are up by 37% today. Uh so the company uh agreed to be bought by Cvent. This is a software business for a total consideration of about $400 million in cash and this price represents about more than 60% of uh premium over the closing price on November uh November 10 actually. So the those companies expect to close this transa transaction in the second half of 2026. Goldman Sachs is an exclusive financier and then again when the company published earnings in early November they already said that they see some offers of a potential acquisition. Uh it is an unprofitable business. When you look at FA function on Bloomberg terminal it says that revenue is declining but losses are kind of narrowing. So that's that's the deal."

ON24 is trading with significant momentum, up by 37% due to an announced acquisition by Cvent at a 60% premium over a previous close. The deal, expected to close in the second half of 2026, highlights the market's reaction despite the company being unprofitable and experiencing declining revenue, though losses are narrowing.

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