At this stage you have likely held anywhere from one to three (or more) meetings with a prospective buyer. If you are running a structured sale process soliciting multiple buyers, then you have spoken with several suitors and narrowed the prospects to 1-4 prospective buyers for these more in-depth discussions. Ideally the prospective buyer(s) and you should both be at a go/no-go decision point on continuing the discussion.
When selling your company, you typically will sign a Letter of Intent (LOI) which gives you and the buyer an opportunity to complete due diligence and grants the buyer exclusivity among other things. You can learn more about the IOI (Indication of Interest) or the LOI here.
Versata Enterprises, Inc. (Versata), a leading provider of enterprise software solutions, announces today the acquisition of privately held Ravenflow, a leading provider of visual process discovery and requirements definition software.
Cavium Networks (NASDAQ: CAVM), a leading provider of semiconductor products that enable intelligent processing for networking, communications and the digital home, announced today that it is has signed a definitive agreement to acquire China-based privately held Celestial Semiconductor, a fabless semiconductor company headquartered in Beijing, China with centers in Shenzhen and Shanghai. Celestial is a fast growing provider of ARM-based system-on-a-chip (SoC) processor solutions for a range of digital media applications.