Story
GTCR in Acquisition Talks with SPS Commerce, Bloomberg Reports
Private equity firm GTCR is in discussions to acquire SPS Commerce Inc., a provider of supply-chain management software, according to a Bloomberg News report citing people familiar with the matter. A potential deal could be announced in the coming weeks, though the sources noted that the talks are not yet finalized.
Deal Status and Market Reaction
Following the report, shares of SPS Commerce (NASDAQ: SPSC) gained 5.90% in trading. The sources cited by Bloomberg cautioned that the negotiations could still collapse or that another bidder for the company could emerge.
Representatives for both GTCR and the Minneapolis-based SPS Commerce declined to comment on the matter, according to the report.
AdBackground of Activist Pressure
The potential acquisition follows a period of strategic review for SPS Commerce, which was reportedly working with an investment bank to explore a sale as early as June. The company has faced significant pressure from activist investors to consider such a move.
- Irenic Capital Management: A January report indicated the activist investor had built a stake in SPS Commerce and was pushing for changes, including a potential sale.
- Anson Funds Management: Another activist firm, Anson Funds, entered into a cooperation agreement with SPS Commerce in February after also advocating for strategic changes.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.