Shares of the San Francisco company rose 13.3% to $ 32.12 on Friday. Due to volatility, trading was suspended in the afternoon.
According to Bloomberg, Medallia, which employs about 2,000 people, works with financial advisers and cites people familiar with the matter.
Private-equity funds have shown interest in acquiring the company, but no final decision has been made and Medallia can choose to remain independent.
Medallia did not immediately respond to the request for comment.
Other recent acquisition news:
KKR and Clayton Dubilier & Rice LLC have said they will pay $ 16 per share in cash to a company in Palo Alto, California.
Medallia Soars on Report Software Provider Exploring a Sale Source link Medallia Soars on Report Software Provider Exploring a Sale