An investor group led by Symphony Technology Group, a private equity firm focused on investments in software, data, and analytics firms, has completed its all-cash take-private buyout of Momentive for $1.5 billion.

An investor group led by Symphony Technology Group (STG), a private equity firm focused on investments in software, data, and analytics firms, has completed its all-cash take-private buyout of Momentive for $1.5 billion.

The deal Ito acquire Momentive, the maker of online survey platform SurveyMonkey, was originally announced on 13 March and approved by Momentum shareholders  at a special meeting of shareholders on 31 May.

Under the terms of the merger agreement, Momentive shareholders have received $9.46 per share. As a result of the completion of this transaction, Momentive common stock will cease trading and will no longer be listed on the Nasdaq Stock Market. 

Momentive will continue to operate as a privately held company and remain headquartered in San Mateo, California.