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

Reuters News
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.

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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)