Cloudera stock soars twenty two per cent as PE buyout reports swirl
Big data cloud vendor is considering a buyout, according to reports in Bloomberg
Enterprise data cloud company Cloudera is considering selling up after receiving interest from a private equity firm, according to reports in Bloomberg. The market responded with shares spiking by as much as 22 per cent on Tuesday. The US cloud vendor has had a rocky few quarters following its merger with open-source software heavyweight Hortonworks last year. The deal valued the combined companies at $5.2bn. Cloudera's market cap is now $3.52bn. However, in its Q1 financials published...
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