Published on 9 Feb 2023 on MarketWatch
Shares of Sumo Logic Inc. rallied more than 15% in the extended session Wednesday after The Wall Street Journal reported that private-equity firm Francisco Partners is nearing a $1.7 billion deal for the software provider. The deal could be unveiled as soon as Thursday, the report said, citing people familiar with the talks. Sumo Logic has a market cap of around $1.46 billion. Shares of Sumo Logic ended the regular trading day up 0.9%