Nexxen International (NASDAQ:NEXN) shares rallied about 18% in premarket trading on Monday following a report suggesting the advertising technology company has attracted acquisition interest.
According to Sky News journalist Mark Kleinman, writing in a post on X, a potential buyer is considering an offer valuing Nexxen at no less than $10 per share.
The prospect of a takeover quickly fueled investor enthusiasm, driving a sharp move higher in the stock ahead of the market open as traders reacted to the reported interest.