Sapiens in talks to sell for over $2B, Calcalist reports

Sapiens (SPNS) is in advanced talks with U.S. investment funds over the sale of a controlling stake in the company in a deal valuing the company between $2B and $2.2B, Almog Azar of Calcalist reported. Sapiens is reportedly nearing the final stages of negotiations. A senior company executive told Calcalist that if the parties reach an agreement in the next two days, the transaction could push back the release of its quarterly earnings, now slated for Wednesday.