Angie‘s List might be for sale, though the company isn't officially saying that.
The Financial Times reports the consumer review company hired bankers to explore "strategic options", a euphemism that usually means trying to find an interested buyer.
The Wall Street Journal reports Angie's List also restructured its debt earlier this week, which could make the company more attractive. The company's stock price jumped in trading after the Financial Times report, though it reached an all-time low of $6.28 a share during trading on Tuesday.
No one from Angie‘s List will comment on the reports. The company has lost money in almost every quarter since it went public in 2011, losing $18.4 million in the second quarter of this year.
Angie's List laid off 97 sales people in August, but continues to employ around 1,900, most of them at the company's Indianapolis headquarters.