Reported 11 months ago
Yext, a search optimization company that helps promote companies' information online, is reportedly considering a sale after attracting takeover interest. Sources revealed that Yext has hired investment bankers to explore strategic alternatives, causing its shares to rise by 21% in morning trading in New York. The New York-based company, with a market value of about $700 million, may not proceed with a deal. Yext specializes in maximizing corporate clients' visibility in platforms like Amazon Alexa and Google Maps but has faced challenges due to intense competition and declining revenue.
Source: YAHOO