Michael Walrath to acquire Yext for $1.1bn.

Michael Walrath, Yext's Chief Executive Officer and Chairman of the Board of Directors, offered to acquire Yext, a brand visibility platform, for $1.1bn. “Yext has achieved remarkable progress, and I believe now is the right time to explore a transaction that can deliver compelling value to stockholders. While I am prepared to lead such a transaction at $9 per share, I am equally committed to ensuring that our stockholders have the opportunity to realize the best possible outcome, whether that be through my proposal or a superior alternative," Michael Walrath, Yext Chief Executive Officer and Chairman.