Elliott, Vista near $13 bn deal to buy cloud computing firm Citrix: Report


Elliott Management Corp and Vista Equity Associates are near to acquiring Citrix Techniques Inc in a deal that values the U.S. cloud computing company at about $13 billion, in accordance to a human being familiar with the issue.


The offer, which could be introduced as shortly as early this 7 days, came after Elliott and Vista jointly tapped the bank loan sector to fund their dollars bid for Citrix at $104 per share. The moment getting Citrix private, Vista options to merge it with Tibco, another knowledge analytics software program company it owns.







The income bid comes lower than wherever Citrix stock shut at $105.55 on Friday. Nonetheless, the selling price signifies a top quality to its lows in December. Citrix’s solutions make it possible for workforce of companies to accessibility their community remotely. Even so, it unsuccessful