Federated Media Talks To Bank
Of the seven navigational tabs on Savvian’s website, the third is titled "Mergers and Acquisitions." And a connection between Savvian and Federated Media may revolve around exactly that topic.
"A source close to the company says the bank will mainly be used to vet numerous incoming queries – not to solicit buyers or investors," reports Rafat Ali. "Another source, this one among the interested parties, says that FM is indeed looking to raise as much as $50 million, and the valuation is in the $125 million pre-money range."
The first scenario might make a little more sense, given the current market situation. A lot of VCs aren’t acting too nervous, though, so asking for money couldn’t hurt.
So there’s quite a range of options, really, and we wouldn’t expect anything else on a slow Friday. Should one of the rumors solidify, though, we’ll be sure to provide updates.