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Active Network taken private in $1.05 billion deal

Oleg Prikhodko | E+ | Getty Images

Active Network, which makes software for event management and online registrations, said it would be acquired by Vista Equity Partners for about $1.05 billion.

The private-equity firm will make a tender offer of $14.50 per share, representing a 27.2 percent premium to Active Network stock's Friday closing.

Active shares were trading at $14.45 before the bell.

By Reuters

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