DocuSign (NASDAQ is committed to remaining an independent, public company and is working to convince investors of its potential in artificial intelligence, the company's CEO Allan Thygesen told CNBC on Wednesday.
Thygesen's comments come in light of recent reports suggesting the company had been the subject of takeover interest from private equity suitors.
DocuSign, known for its popular digital contract signing service, was rumored to have attracted interest from suitors Bain Capital and Hellman & Friedman.
Reports from Reuters and Bloomberg earlier this year indicated that private equity (PE) firms were racing to acquire DocuSign for nearly $13 billion. However, a Reuters report in February mentioned that Bain Capital and Hellman & Friedman paused their search due to disagreements over the purchase price.
When asked by CNBC about rumors about PE buyers' past interest in DocuSign, Thygesen said he “can't comment on anything that may or may not have happened in the past.”
Thygesen added that while DocuSign would not rule out the prospect of a merger or acquisition transaction in the future, the company's current focus remains on its independent growth and taking advantage of its significant market opportunities.
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