Marketo to be acquired by Vista Equity for $1.8 billion in cash
Marketo Inc. announced an deal to be bought out by private-equity firm Vista Equity Partners in a cash deal valued at $1.79 billion. As part of the deal, Vista will pay $35.25 a share for each of the marketing software company's shares outstanding, which represents a 9.5% premium to Friday's closing price, and a 64% premium to the May 9 closing price. The stock had rocketed 50% from May 9 through Friday, after Bloomberg reported that the company was reviewing strategic alternatives, including a potential sale of the company.
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