Monday, November 27, 2017

Marlin Equity Buys Bazaarvoice For $521M

Los Angeles-based private equity investor Marlin Equity is acquiring online ratings and reviews software provider Bazaarvoice, in a deal worth $521M in cash, the two said this mroning. The company said Marlin Equity will take Bazaarvoice private, by paying $5.50 per share for all of Bazaarvoice's outstanding shares. The two said the price per share is an 18 percent premium to its average closing price for the 30-calendar day period ending November 24th. Bazaarvoice is publicly traded on the NASDAQ as BV.