ON24 soars on $400 million acquisition by Cvent
ReutersDec 30, 2025 1:54 PM
Shares of engagement platform provider ON24 ONTF.N jump 36.2% premarket
Co says Blackstone-owned event and hospitality technology firm Cvent will acquire ONTF in an all-cash transaction of about $400 million
ON24 shareholders to receive $8.10 per share, implying a premium of ~38% to stock's last close
Proposed transaction unanimously approved by ONTF board; expected to close in first half of 2026
As of last close, ONTF down ~9% YTD
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