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Actionable news in MKTO: Marketo, Inc.,

Marketo (MKTO) Stock Spiked Today on Potential Sale

NEW YORK (TheStreet) -- Marketo (MKTO - Get Report) stock closed up 24.69% to $26.77 on heavy trading volume on Tuesday, as the marketing software maker works with Morgan Stanley (MS) to explore strategic alternatives including a possible sale, sources told Bloomberg.

Marketo is gauging the interest of strategic companies and private equity firms with regard to a potential acquisition, Bloomberg reports.

Marketo has reduced its debt load, making it a more appealing takeover candidate, Real Money's James Passeri reports. The company had nearly $2 million...