Private-equity firms KKR and Clayton Dubilier & Rice agreed to buy Cloudera for roughly $5.3 billion in a deal that would take the software company private
Private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC agreed to buy Cloudera Inc. for roughly $5.3 billion in a deal that would take the software company private.
The pair on Tuesday said they would pay $16 a share for the data-cloud company, representing a roughly 24% premium to where the shares closed Friday.Founded in 2008 by a group of engineers from Alphabet Inc.’s Google, Facebook Inc., Oracle Corp. and Yahoo Inc.,in the open-source software framework Hadoop, which enables large amounts of data to be processed quickly.
Cloudera’s shares have had a rocky run since their public-market debut in 2017. They are trading below their initial public offering price and are down roughly 8% this year.
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KKR, CD&R nearing deal to buy Cloudera - WSJPrivate-equity firms KKR & Co (KKR.N) and Clayton Dubilier & Rice LLC are nearing a deal to buy Cloudera Inc (CLDR.N) and take the software company private, the WSJ reported on Monday, citing people familiar with the matter.
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