SurveyMonkey maker Momentive to be acquired by Symphony for $1.5 billion

Momentive Global Inc. MNTV, the company that makes the survey platform SurveyMonkey, on Monday said it agreed to be acquired by a group led by Symphony Technology Group in an all-cash deal that values Momentive at roughly $1.5 billion. Under the deal terms, Momentive shareholders will receive $9.46 per share, compared to Momentive’s closing price of $7.72 on Monday. Shares jumped 18.9% after hours. “STG’s 20 years of investment experience in software, analytics, and data companies will provide us with invaluable expertise as we scale our customer base and product suite,” Momentive Chief Executive Zander Lurie said in…

Source: https://www.marketwatch.com/story/surveymonkey-maker-momentive-to-be-acquired-by-symphony-for-1-5-billion-4b8f8b0f?siteid=yhoof2&yptr=yahoo