Cvent to Acquire ON24 for $102.24 Million in an All-Cash Deal

ON24, Inc. (ONTF) entered a merger agreement on December 30, 2025, to be acquired by Cvent in an all-cash deal valued at $102.24 million.

Deal Structure:

ON24 shareholders will receive $8.10 per share in cash, representing a premium of 38.23% from the stock’s last close.

Company Profile:

ON24 is a cloud-based digital experience platform that helps enterprises drive revenue growth by transforming customer engagement, through interactive webinars, virtual events, and AI-powered content experiences, into actionable first-party data and sales insights.

Cvent is a leading meetings, events, and hospitality technology company that provides a comprehensive platform for event marketing, management, and venue sourcing, enabling organizations to plan, execute, and optimize in-person, virtual, and hybrid events worldwide.

Deal Details and Timeline:

The deal is expected to close in the first half of 2026.

Goldman Sachs served as financial advisor to ON24, with legal counsel provided by DLA Piper. For Cvent, financial advisory services were rendered by William Blair & Company, while legal counsel was provided by Simpson Thacher & Bartlett.

Cvent’s acquisition price represents 2.41 times the sales value of ON24.

Deal Metrics:

For a more detailed analysis of this merger agreement, please refer to the Deal Metrics page:

Deal Metrics for the acquisition of ON24, Inc. (ONTF) by Cvent

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• A timeline detailing every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
• Latest news and SEC filings.
• A history of deal updates.
• And much more information that is crucial to understand the merger landscape.

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Editor’s Note: Baranjot Kaur contributed to this article