DJIA51682.64 -95.40
S&P 5007650.50 12.74
NASDAQ26522.55 104.25
Russell 20002860.40 -14.23
German DAX25304.06 -412.65
FTSE 10010659.13 -157.01
CAC 408065.02 -121.91
EuroStoxx 506228.55 -96.70
Nikkei 22565018.95 882.70
Hang Seng24750.78 146.49
Shanghai Comp3911.87 36.27
KOSPI6894.23 178.82
Bloomberg Comm IDX141.42 0.00
WTI Crude-fut98.77 -0.73
Brent Crude-fut95.47 -1.16
Natural Gas3.03 0.03
Gasoline-fut3.24 0.04
Gold-fut4415.90 34.20
Silver-fut66.79 1.01
Platinum-fut1804.60 26.40
Palladium-fut1314.50 23.50
Copper-fut6.72 0.10
Aluminum-spot3195.00 0.00
Coffee-fut277.20 0.45
Soybeans-fut1303.00 -16.50
Wheat-fut713.50 -12.25
Bitcoin81243.41 5183.97
Ethereum USD2630.17 222.32
Litecoin57.54 6.37
Dogecoin0.09 0.01
EUR/USD1.1470 -0.0078
USD/JPY155.88 0.82
GBP/USD1.3333 -0.0117
USD/CHF0.8237 0.0041
USD IDX100.21 -0.02
US 10-Yr TR4.998 0.051
GER 10-Yr TR3.519 -0.0027
UK 10-Yr TR5.2907 -0.0086
JAP 10-Yr TR2.985 0.009
Fed Funds4 0
SOFR3.85 0.23
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Direct Investment  + M&As  |  March 14, 2023
Symphony Technology Buys SurveyMonkey Parent Momentive Global for $1.5B
Joe Palmisano
By: Joe Palmisano

Symphony Technology Buys SurveyMonkey Parent Momentive Global for $1.5B

A consortium led by private equity firm Symphony Technology Group will take Momentive Global, the parent of SurveyMonkey, private in an all-cash deal with a $1.5 billion valuation.

Shareholders of San Mateo, CA-based Momentive will receive $9.46 per share, giving the popular survey platform a 46% premium compared to the stock’s last closing price before reports of a potential sale surfaced last October.

As Momentive looks to expand its customer base and product offerings, STG’s capabilities in software, analytics, and data could help it achieve its long-term strategy.

“SurveyMonkey is the most iconic brand in survey technology and has a terrific reputation among individuals, teams, and enterprises for innovation and leadership, with an impressive combination of incredible ease of use and advanced enterprise capabilities and analytics,” said J.T. Treadwell, managing director of STG.

The deal is expected to close in the second or third quarter of this year. Upon closing, Momentive shares will cease to trade publicly.

Connect

Inside The Story

Momentive GlobalSymphony Technology Group

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints