Deals
Dark Pool Operator Liquidnet Is Said to Explore $1 Billion Sale
- New York company working with a financial adviser on process
- Founder Seth Merrin had stepped down as CEO in February
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Liquidnet Holdings Inc., an operator of private trading venues, is exploring a sale that could value the company at about $1 billion, according to people familiar with the matter.
The New York-based company is working with a financial adviser to field offers, said the people, who asked to not be identified because the matter isn’t public. Bids are due in early June, they said. No final decision has been made and Liquidnet could opt to remain independent, they said.