Yext CEO Withdraws Acquisition Bid, Announces $150M Buyback Plan
ByAinvest
Monday, Feb 2, 2026 8:35 am ET1min read
YEXT--
Yext CEO Michael Walrath has withdrawn his $9.00 per share acquisition proposal after failing to secure necessary financing, causing shares to fall over 13%. The company plans a $150M buyback instead. Walrath remains committed to leading Yext.
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