The company is in advanced talks with a private-equity buyer, sources said, adding that a deal could be announced as soon as today which would draw to a close a more than yearlong sales process, the Journal noted.
The identity of the likely private-equity buyer couldn't be learned.
Must Read: 50 Stocks Hedge Funds LoveSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Compuware launched a sales process last year after activist hedge fund Elliott Management Corp. tried to buy the company. In 2012, Elliott made an unsolicited $11-a-share bid that valued Compuware at around $2.4 billion. Elliott still owns a big stake in the company. It couldn't be learned what would happen with that stake as part of any deal, the Journal said. CPWR data by YCharts EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE