Shares of financial technology company Marqeta, Inc. (MQ) surged by an impressive 10.56% on November 11, 2024, amid reports that buyout firms and private equity companies are circling the company with potential acquisition interest.

According to reports from Dealreporter, citing three sources close to the matter, several buyout firms are said to be "circling" Marqeta on a potential deal to acquire the company. The report suggests that these firms are exploring the possibility of making a takeover bid for the fintech company, which specializes in providing modern card issuing and payment solutions.

Additionally, speculation is growing that major financial services providers like Mastercard (MA) and Visa (V) could potentially join forces with private equity firms to pursue a joint acquisition of Marqeta. The involvement of these industry giants could potentially add further credibility and resources to a potential takeover bid, making it more attractive for Marqeta's shareholders.

The news of potential takeover interest from buyout firms and private equity companies has fueled investor enthusiasm, driving Marqeta's stock price higher. The prospect of a successful acquisition, often at a premium valuation, has likely contributed to the significant surge in the company's share price on November 11th. Investors seem to be positioning themselves in anticipation of a potential deal, which could unlock additional value for shareholders.