Medallia is an Experience Management company that accesses the customer’s likes and dislikes to arrive at a business decision, they are hired by other companies to do that. The shares of the company bumped up 13.3%, the share price to $32.12. Owing to the volatility of the markets, the trading halted this afternoon. The current value of the company is about $5 billion.
Allegedly, a number of private equity firms are interested in buying Medallia. Although no concrete statements have been made, it has been confirmed that the company is in discussion with Financial Advisors and is exploring what option suits them the best.
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