Rapid7 gains amid renewed takeover speculation
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Rapid7 (NASDAQ:RPD) rose 6.3% amid renewed takeover speculation surrounding the cyber security firm.
A large tech company stock may be involved in the sales process for Rapid7 (RPD), according to a Betaville alert. The company rumored to be in the process is Alphabet (GOOGL), according to the report, which cited speculation from people following the matter.

The latest update comes after Betaville reported last month that private equity firms Thoma Bravo and TPG Capital (TPG) are believed to be two of the PE firms interested in Rapid7 (RPD). Some people believe Rapid's (RPD) board may be close to choosing a winning bidder, according to the report last month.
The speculation comes after Reuters reported in late January that the cyber security company was said to be in the early stages of the possible sale process and had hired Goldman Sachs to assist in the matter. Rapid7 (RPD) was said to be having talks with different possible buyers, including private-equity firms.