UPDATE 1-Event software firm Cvent Holding explores sale - source

Reuters

Tue, Jan 31, 2023, 5:10 PM1 min read

In this article:

(Changes sourcing, updates shares)

Jan 31 (Reuters) - Cvent Holding Corp is exploring a sale that could value the cloud-based event-software provider at about $4 billion, a person familiar with the matter told Reuters on Tuesday.

The firm has attracted interest from private equity firms including Blackstone Inc, the source added.

Shares in the company closed nearly 23% higher on Tuesday after the potential sale was reported in the media. Stock was up roughly 1% in after market trading.

Cvent did not immediately respond to a Reuters request for comment on the report, while Blackstone declined to comment.

The potential sale was first reported by the Wall Street Journal. (Reporting by Chibuike Oguh in New York and Manya Saini in Bengaluru; Editing by Shailesh Kuber)

'$2 Million Is Nothing' Suze Orman Warns Don't Retire If You Don't Have At Least $5 Million Or $10 Million Saved
On the "Afford Anything" podcast, Suze Orman delivered a pointed critique on the notion of retiring early with a $2 million portfolio. She was direct in her advice, emphasizing the insufficiency of such an amount for early retirement. "Two million dollars is nothing," Orman declared, "It’s nothing. It’s pennies in today’s world, to tell you the truth." Don't Miss: The average American couple has saved this much money for retirement — How do you compare? Can you guess how many Americans successfu
Benzinga
Stanley Druckenmiller forecasted Nvidia's rally; now he has a new target
The billionaire hedge fund legend has set his sights on a new investment
TheStreet
Bill Gates Liquidated $1.7 Billion Of His Portfolio, Mirroring Buffett's Move To Stockpile Cash
Bill Gates sold off a sizeable chunk of his portfolio last quarter, which could be seen as another bearish signal for the stock market and a move that mirrors Warren Buffett's recent decisions. Gates has reduced his position by an estimated $1.7 ...
Benzinga
Vanguard Is Paying 4.7% Risk-Free — But Only If You Do This
You don't have to shift your money to an unknown online bank's savings account to get a solid insured yield on your cash.
Investor's Business Daily
Warren Buffett Has Spent More Buying This Stock Than He Did With Apple, Chevron, Coca-Cola, American Express, and Occidental Petroleum, Combined!
Berkshire's collective cost basis in Apple, Chevron, Coca-Cola, American Express, and Occidental Petroleum is around $63 billion. The Oracle of Omaha has spent $77 billion alone buying shares of his favorite stock.
Motley Fool
Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution
I am 66 years old, still working and with very good health insurance. My company does not have a 401(k). I do have an individual retirement account (IRA) with approximately $120,000 invested. I contribute $272 per month, yet my program … Continue reading → The post Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution appeared first on SmartAsset Blog.
SmartAsset
4 Stocks That Could Break Novo Nordisk, Lilly's Obesity Duopoly
Though obesity drugs continue to gain traction, it is currently a duopoly market. As analysts expect demand to grow at an encouraging pace, several biotech/pharma companies are rushing to enter this space.
Zacks
Hey, Income Investors: This Stock Has Raised Its Dividend for 52 Consecutive Years. Is it Right for Your Portfolio?
Although this company has consistently raised its dividend, it may not be ideal for income-focused investors for one reason.
Motley Fool
The Medicare Bubble Has Burst
For years, the privately run Medicare Advantage business generated outsize profit growth for health-insurance giants. Companies like UnitedHealth Group and Humana bet big on the program, and investors generally rewarded them for it. Medicare Advantage, in which the government pays insurers a set amount to manage the care of seniors, recently surpassed traditional Medicare’s share of beneficiaries.
The Wall Street Journal
‘Banks continue to become increasingly less relevant’: the professor who sees a $2 trillion hole in the economy predicts a thinning of the herd
Small-to-mid-size banks will be the first forced out of business, he says. “There are quite a few banks in the United States right now that have very similar risk characteristics [to Silicon Valley Bank]."
Fortune

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

UPDATE 1-Event software firm Cvent Holding explores sale - source

Recommended Stories

'$2 Million Is Nothing' Suze Orman Warns Don't Retire If You Don't Have At Least $5 Million Or $10 Million Saved

Stanley Druckenmiller forecasted Nvidia's rally; now he has a new target

Bill Gates Liquidated $1.7 Billion Of His Portfolio, Mirroring Buffett's Move To Stockpile Cash

Vanguard Is Paying 4.7% Risk-Free — But Only If You Do This

Warren Buffett Has Spent More Buying This Stock Than He Did With Apple, Chevron, Coca-Cola, American Express, and Occidental Petroleum, Combined!

Ask an Advisor: ‘Am I Getting Fleeced?' I'm 66, Contributing $272 Per Month to an IRA and Paying $136 Monthly in Fees. That's 50% of My Contribution

4 Stocks That Could Break Novo Nordisk, Lilly's Obesity Duopoly

Hey, Income Investors: This Stock Has Raised Its Dividend for 52 Consecutive Years. Is it Right for Your Portfolio?

The Medicare Bubble Has Burst

‘Banks continue to become increasingly less relevant’: the professor who sees a $2 trillion hole in the economy predicts a thinning of the herd