Restaurant tech provider Olo rises after reported buyout interest
ReutersMay 1, 2025 1:18 PM
Olo Inc's OLO.N shares up 7.7% premarket to $6.68 on potential M&A news
Restaurant software provider exploring a potential sale after attracting takeover interest, Bloomberg News reported, citing people familiar
New York-based-co working with a financial adviser to help gauge interest from potential buyers, according to the report
Deliberations are still in early stages and Olo could opt against pursuing a deal, the people said
Co counts Shake Shack SHAK.N founder and board chairman Danny Meyer among its backers. Meyer also serves on Olo's board
OLO shares are down 19% YTD through Weds, giving co $1 bln market cap. It went public in 2021 IPO priced at $25
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