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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Brightcove Stock Jumps 35% Amid Legal Probe Into $4.45 Per Share Acquisition Deal

Shares of Brightcove Inc. (NASDAQ:BCOV) soared 35.42% on Monday to close at $4.32 following news of Halper Sadeh LLC's investigation into the fairness of the company's proposed sale to Bending Spoons for $4.45 per share in cash.

What Happened: The stock remains volatile, slightly dipping 0.23% in after-hours trading. Year-to-date, BCOV has gained 73.49%, though it is down nearly 70% from its 2021 high of $24.43, according to data from Benzinga Pro.

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