ON24 Agrees to $400M Go-Private Sale to Cvent

Dow Jones
2025/12/30
 

By Adriano Marchese

 

ON24 has agreed to be acquired by meetings, events, and hospitality technology provider Cvent in a $400 million deal.

The intelligent engagement platform said Tuesday that it has entered into a definitive agreement to be acquired by Cvent in an all-cash transaction.

The proposed transaction brings together two complementary platforms serving enterprise marketers and event professionals, ON24 said.

Under the terms of the agreement, ON24 shareholders will receive $8.10 in cash per share. The stock has been under pressure in 2025, falling about 9.3% to close on Monday at $5.86.

The per-share price is a 62% premium over the stock price before the company revealed takeover interest, and 51% higher than its average price over the past 90 days, it said.

The transaction is expected to close in the first half of 2026 following which ON24's stock will no longer be publicly listed, and ON24 will become a privately held company.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

December 30, 2025 08:20 ET (13:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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