Hootsuite Inc. is considering a sale that would value the Vancouver-based social media management company at US$750 million or more,聽
Sources tell the news agency that Hootsuite has enlisted Goldman Sachs Group Inc. to assist with a potential sale.
Vancouver-based Hootsuite Inc. has enlisted Goldman Sachs Group Inc. to assist with a potential sale, according to a report from Reuters (Photo submitted)
Hootsuite has also been the centre of speculation over the years for a possible initial public offering.
This ramped up in October 2015 when the social media management company hired Sujeet Kini as its first chief financial officer. Kini previously worked as chief accounting officer at OpenText, one of Canada鈥檚 largest publicly traded software companies.
The following March, Hootsuite announced it had entered into a credit financing agreement for up to US$50 million in growth capital from CIBC Innovation Banking.
Hootsuite did not immediately respond to a request for comment from聽Business in Vancouver.
