Datadog (DDOG) is said to be working with bankers at Morgan Stanley (MS) to once again explore a potential takeover bid for GitLab (GTLB), a source reportedly told Street Insider. GitLab explored a potential sale with its own bankers and Datadog was one of the interested parties, Reuters previously reported. A new bid could be made for over $60 per share, according to Street Insider’s source.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GTLB: