Avalara approached about possible takeover, blog report says - InvestingChannel

Avalara approached about possible takeover, blog report says

Avalara, which offers cloud-based tax compliance automation service for enterprise customers, is claimed to have been approached about a potential takeover from private equity firm Vista Equity Partners and both sides are said to be working with investment banking advisors, a source reportedly told Street Insider. Shares of Avalara are up $6.79, or 9%, to $80.33 in afternoon trading following the report.

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