Bigtincan Holdings Limited (ASX:BTH) may have said that it remains in takeover talks, but the market does not seem to be buying it. Shares in the company on 15 September 2023 closed at 31c, and they have been on the slide since August. The moves have caught the attention of Canaccord Genuity analysts, who say that "at 33c, investors are pricing in a near zero chance of a transaction occurring and expect further pressure on the balance sheet".

The company has told the market it has received a number of expressions of interest regarding a potential transaction. It has Morgan Stanley on board and a data room is now open for due diligence. Sources believe private equity is interested in the tech company whose shares have slide from over 70c amid takeover speculation earlier in the year.