KKR, CD&R nearing deal to buy out Cloudera - reports


FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid

(Reuters) -Private-equity firms KKR & Co and Clayton Dubilier & Rice LLC (CD&R) are nearing a deal to take Cloudera Inc private at a valuation of $4.7 billion, Bloomberg News reported https://bloom.bg/3vDLa5Z on Monday, citing a person familiar with the matter.

The private-equity giants are likely to finalise a deal on Tuesday to acquire the software firm at $16 a share, or about a 24% premium to its previous close, according to the report.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Disney nears tipping point as streaming profits start to offset cable decline
KKR raises tender offer price for Fuji Soft acquisition
Putin will look into YouTube disruptions, Kremlin says
Singapore clears South Korean Hanwha's buyout of Dyna-Mac
Samsung Electronics plans $7.2 billion buyback after share price plunges
Man who stole and laundered roughly US$1bil in bitcoin is sentenced to 5 years in prison
Stiff business: Berlin startup will freeze your corpse for monthly fee
White supremacist, Nazi content spread on Steam game service
After Trump’s victory, US election falsehoods shift left
Review fatigue? Consumers are less likely to share feedback after a purchase

Others Also Read