02:56 PM EDT, 06/03/2024 (MT Newswires) -- Indie Semiconductor ( INDI ) is exploring strategic options, including a potential sale, Bloomberg reported Monday, citing people with knowledge of the matter.

The company is working with an adviser to attract interest from potential buyers, which may include private equity firms and industry players, the report said.

There is no certainty a transaction will occur, and Indie Semiconductor ( INDI ) may remain independent.

The automotive technology company's market capitalization is approximately $1.36 billion, according to Bloomberg.

Indie Semiconductor ( INDI ) did not immediately respond to MT Newswires' request for comment.

Shares of the company were up 10.5% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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