Shares of marketing-automation software firm Marketo surged almost 25 percent Tuesday after Bloomberg reported, citing people with knowledge on the matter, that the company was in talks with Morgan Stanley about a possible sale.
MKTO intradaySource: FactSet
Bloomberg noted that there is no imminent deal and that talks may not lead to a sale.
Marketo declined to comment. Morgan Stanley did not immediately respond to CNBC's request for comment.