Friday, August 2, 2013

ACTIVE Network Seeks Buyer

San Diego-based sports and activity registration provider Active Network appears to be looking for a buyer, or maybe an outside investment, saying yesterday that it has created a committee to evaluate "strategic transactions". The company said it has received interest from outside parties in both investment in ACTIVE Network to acquisition of the company. The disclosure came in Active Network's quarterly results. Active Network reported a net loss of $2.7M on revenues of $132.3M for the three months ended June 30, 2013. Active Network operates a range of businesses offering registration and management of sporting events, community centers and community events, and more.

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