Faruqi & Faruqi, LLP Announces Investigation of The Active Net

ACTIVE NETWORK SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces Investigation of The Active Network, Inc. (ACTV) Regarding the Company’s Proposed Sale to Vista Equity Partners

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the board of directors ofThe Active Network, Inc.

NEW YORK–(BUSINESS WIRE)–Juan E. Monteverde, Partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The Active Network, Inc. (“Active Network”) or the “Company”) (ACTV) for potential breaches of fiduciary duties relating to its conduct in connection with the sale of the Company to Vista Equity Partners in an all-cash deal valued at approximately $1.05 billion. The deal will privatize Active Network. Under the terms of the proposed transaction, Active Network shareholders will receive $14.50 for each share of Active Network common stock they own.

Request more information now by clicking here:www.faruqilaw.com/ACTV.There are no costs or obligations for you.

The investigation focuses on whether Active Network’s board of directors breached its fiduciary duties to the Company’s shareholders by failing to conduct an adequate and fair sales process prior to approving this proposed transaction, and whether and by how much this proposed transaction did so Company undervalued to the detriment of Active Network shareholders.

Faruqi & Faruqi, LLP is a national law firm representing investors and individuals in class action lawsuits. The firm’s focus is on providing exemplary legal services in complex securities, shareholder, antitrust and consumer litigation at all stages of the litigation process. The company has an experienced litigation team that has achieved significant success on behalf of its clients.

If you own shares of Active Network common stock and would like additional information and to protect your investments free of charge, please visit us at www.faruqilaw.com/ACTV or contact Juan E. Monteverde, Esq. either by email at [email protected] or by phone at (877) 247-4292 or (212) 983-9330.

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Lawyer advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict a similar result with respect to future matters. We would be happy to discuss your individual case.

Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
(877) 247-4292 or (212) 983-9330
[email protected]

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The article ACTIVE NETWORK SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces Investigation of The Active Network, Inc. (ACTV) into the Company’s Proposed Sale to Vista Equity Partners originally appeared on Fool.com.

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