Market Insider

Marketo shares soar on report of possible sale

Share
Getty Images

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 intraday

Source: 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.

Click here to read Bloomberg's full report.

M&A appetite continues to grow: EY