Vivid Seats (SEAT) is exploring a sale after receiving takeover interest, Ryan Gould and Gillian Tan of Bloomberg report, citing people with knowledge of the matter. Vivid is working with an adviser to gauge interest from potential suitors and has attracted takeover interest from private equity, sources told Bloomberg. The deliberations are ongoing and there’s no certainty they will lead to a transaction, the people added. Shares of Vivid jumped 9%, or 34c, to $4.13 before halting for volatility following the report.
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Read More on SEAT:
- Vivid Seats exploring sale after receiving interest, Bloomberg reports
- Vivid Seats jumps 9% to $4.13 after Bloomberg says exploring sale
- Vivid Seats price target lowered to $4.20 from $4.60 at Morgan Stanley
- Vivid Seats price target raised to $9 from $7 at Citi
- Vivid Seats price target lowered to $6 from $7 at RBC Capital
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