Miva Still Looking for a Buyer?



Back in November we reported that Miva may be looking for a buyer. ClickZ today uncovers further evidence.

The company tapped Deutsche Bank Securities to help Miva’s board of directors explore options that could include “the raising of capital through the sale of securities or assets of the company, a recapitalization, strategic acquisitions, and the combination, sale or merger of the business with another entity offering strategic opportunities for growth,” according to a statement issued today.

“The board and management believe our current share price does not reflect the inherent value of the company and its opportunities, and the engagement of Deutsche Bank will help us to methodically examine a range of short-term and long-term alternatives as we continue to focus on growing our business,” said Craig Pisaris-Henderson, Miva’s chairman and CEO.