Deals
Hootsuite Is Exploring a Sale for at Least $750 Million
- Canadian startup builds social-media marketing software
- Vancouver company had contemplated IPO for several years
Ryan Holmes, chief executive officer of Hootsuite, speaks during a Bloomberg Television interview in London on Jan. 12, 2017.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Hootsuite Inc., a Canadian startup that builds software to help marketers use social media, is said to be for sale.
The Vancouver-based company, which has been an anchor of that city’s tech scene for years, has hired Goldman Sachs Group Inc. to explore a sale at a valuation of at least $750 million, a person familiar with the deal said. The company could still opt to go public instead of selling itself, said the person, who asked not to be identified because the process is private. Reuters reported the potential sale on Thursday.