3 Companies That Might Acquire DocuSign
DocuSign (NASDAQ: DOCU), the maker of digital signature software, is having a horrible year. The company's stock is down nearly 79% from last year's all-time high. Moreover, chief executive officer Dan Springer stepped down on June 21, less than two weeks after the company reported dismal fiscal 2023 first-quarter earnings results (for the quarter ending April 30).
With its stock price languishing and its leadership in flux, some analysts think that DocuSign could be an acquisition target. There are at least three companies out there that are potential candidates. Let's explore which companies might consider putting in an offer for DocuSign and the business case for each.
As one of the world's largest corporations, Microsoft (NASDAQ: MSFT) has more than enough resources to swallow up DocuSign without missing a beat. That said, Washington-based Microsoft is already in the midst of an increasingly challenging acquisition of Activision Blizzard that might preclude it from taking on another purchase right now.
Source Fool.com
