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DocuSign shares slide on report deal talks with private equity firms has stalled

Published 02/05/2024, 01:04 PM
Updated 02/05/2024, 01:07 PM
© Reuters.  DocuSign (DOCU) shares slide on report deal talks with private equity firms has stalled

DocuSign Inc . (NASDAQ:DOCU) shares dipped more than 5% Monday after a report from Reuters said private equity firms Bain Capital and Hellman & Friedman have cooled in their pursuit of the company.

The report, citing people familiar with the matter, states that talks have stalled due to disagreements over how much they should pay to buy the company.

The two private equity firms were competing to buy the provider of online signature services, which has a market value of $11 billion. It would have been one of the biggest leveraged buyouts of 2024. However, they were unable to agree on a deal price after weeks of talks.

Reuters did add that its sources said it is possible the deal talks could resume in the future.

DOCU shares are currently trading at $55.18 after a 5.1% decline on Monday. The stock is down almost 8% in 2024.

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