Several big banks, including JPMorgan (JPM), Bank of America (BAC), Jefferies (JEF), and Deutsche Bank (DB), have held discussions to provide as much as $8B in financing for a buyout of DocuSign (DOCU) that would value the company at roughly $13B, Bloomberg’s John Sage and Ryan Gould report, citing people with knowledge of the matter. The leveraged buyout would be the largest of its kind of the year so far, the authors note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DOCU:
- DocuSign upgraded to Equal Weight from Underweight at Morgan Stanley
- DocuSign price target raised to $55 from $50 at Wells Fargo
- DocuSign price target raised to $68 from $60 at BofA
- M & A News: DocuSign Stock (NASDAQ:DOCU) Jumps on Buyout Rumors
- DocuSign jumps 11% after Reuters report on auction process
