Shares of Angie’s List Inc. rocketed 22 percent higher Tuesday night after The Financial Times reported that the fast-growing consumer-review service had hired investment bankers to explore strategic options, including a sale.
An Angie’s List spokeswoman said the company had no comment because it does not respond to "rumors." The company’s shares surged $1.73 to $7.80 in after-hours trading.
The Financial Times, which did not name its sources, said Angie’s List had held conversations with prospective buyers. However, the newspaper cautioned that the company “is not wedded to selling itself” and might decide not to pursue a deal . . .