10:48 AM EDT, 06/07/2024 (MT Newswires) -- (Updates with additional details and the latest stock movement.)

Yext ( YEXT ) , a software maker that promotes company information in online search directories and websites, is getting ready to explore a sale after attracting takeover interest, Reuters reported, citing people familiar with the matter.

Yext ( YEXT ) has hired investment advisors to explore potential strategic options, the news outlet reported Thursday, citing the people.

The company may not proceed with any deal, the report said, citing the sources.

Yext ( YEXT ) did not immediately respond to MT Newswires' request for comment.

Shares of the company surged 11% in recent Friday 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.)

Price: 5.24, Change: +0.52, Percent Change: +11.02