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ON24 to be acquired by Cvent in cash deal

Story Highlights
  • ON24 agreed on December 30, 2025 to be acquired by Cvent for about $400 million in cash at $8.10 per share, a significant premium for shareholders.
  • The unanimously approved deal, expected to close in the first half of 2026, will take ON24 private and combines its digital engagement platform with Cvent’s event technology suite to bolster their enterprise marketing and events offering.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ON24 to be acquired by Cvent in cash deal

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An announcement from ON24 ( (ONTF) ) is now available.

On December 30, 2025, ON24 announced that it had entered into a definitive agreement to be acquired by Cvent in an all-cash transaction valuing the intelligent engagement platform provider at approximately $400 million. Under the terms of the deal, Cvent affiliates Cvent Atlanta and Summit Sub Corp. will acquire all outstanding ON24 shares for $8.10 per share in cash, representing a premium of about 62% to the company’s November 10, 2025 closing price and 51% to its 90-day volume-weighted average price. The ON24 board unanimously approved the merger, which is expected to close in the first half of 2026, subject to shareholder and regulatory approvals, after which ON24 will be taken private. The combination is intended to create a more comprehensive suite of digital and in-person event and engagement technologies for enterprise marketers and event professionals, potentially strengthening both companies’ positions in the fast-evolving events and marketing technology market and delivering an immediate cash exit at a substantial premium for ON24 shareholders.

The most recent analyst rating on (ONTF) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on ON24 stock, see the ONTF Stock Forecast page.

Spark’s Take on ONTF Stock

According to Spark, TipRanks’ AI Analyst, ONTF is a Neutral.

ON24’s overall stock score reflects a mix of financial challenges and positive strategic developments. The company’s strong technical indicators and positive earnings call sentiment are offset by valuation concerns and ongoing profitability issues. Strategic partnerships and AI initiatives provide a positive outlook, but financial performance remains a significant risk.

To see Spark’s full report on ONTF stock, click here.

More about ON24

ON24 is a San Francisco-headquartered provider of an AI-powered intelligent engagement platform for B2B enterprise sales and marketing, offering enterprise-grade webinars, digital engagement solutions and first-party data and personalization tools to accelerate buyer journeys. The company serves a global blue-chip customer base across software, asset management, pharmaceuticals and industrials, and operates offices in North America, EMEA and APAC.

Average Trading Volume: 160,065

Technical Sentiment Signal: Hold

Current Market Cap: $246.5M

For an in-depth examination of ONTF stock, go to TipRanks’ Overview page.

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