Why Carbonite Stock Popped 17% Today
Shares of Carbonite Inc (NASDAQ: CARB) closed up 16.6% on Friday after it was reported that the cloud backup-data-storage company may be for sale.
Citing "people familiar with the matter," Bloomberg reported this afternoon that Carbonite has received "takeover interest" from an unidentified private equity acquirer and is now "working with a financial advisor," presumably to discuss a sale of the entire company.
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Source Fool.com
