Exclusive: Business communications services provider 8x8 explores sale - sources

Reuters News
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Posted: Feb 24, 2017 3:41 PM

(Reuters) - 8x8 Inc <EGHT.O>, a U.S. provider of internet-based voice and communication services to businesses, is exploring a potential sale of the company, people familiar with the matter said on Friday.

8X8 has been working with Morgan Stanley <MS.N> to field interest from other companies and private equity firms, the people said. There was no certainty that these talks will continue or that they will lead to a deal, the people added.

The sources asked not to be identified because the negotiations were confidential. 8x8 and Morgan Stanley did not immediately respond to requests for comment.

The company's market capitalization as of Friday was $1.34 billion.

(Reporting by Liana B. Baker in San Francisco and Greg Roumeliotis in New York)