0
IT

Cloudera confirms USD 5.3 billion takeover to go private

Tuesday 1 June 2021 | 14:18 CET | News
The edge data specialist Cloudera has agreed a takeover by private equity firms valuing the company at USD 5.3 billion. The cash acquisition by affiliates of Clayton, Dubilier & Rice and KKR is expected to close in the second half of this year.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Companies: Cloudera
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Private equity firms in advanced acquisition talks for Cloudera - report

Published 01 Jun 2021 08:46 CET | World
Private equity groups KKR & Co and Clayton Dubilier & Rice are in advanced talks to acquire Cloudera, Bloomberg reported, with a ...

Cloudera collaborates with Nvidia to accelerate data analytics, AI in the cloud

Published 13 Apr 2021 11:16 CET | World
Cloudera said it partnered Nvidia to integrate Cloudera Data Platform (CDP) with Rapids Accelerator for Apache Spark 3.0, an ...

Cloudera appoints new member to board of directors

Published 08 Jan 2021 15:34 CET | World
US-based enterprise data cloud specialist Cloudera has appointed Gary Hu to the company's board of directors, upon the ...

Cloudera launches Cloudera Data Platform Private Cloud

Published 12 Jun 2020 13:50 CET | World
Cloudera released Cloudera Data Platform Private Cloud (CDP Private Cloud), which is built for hybrid cloud, connecting ...

Cloudera appoints Bearden president, CEO

Published 14 Jan 2020 09:14 CET | World
Cloudera appointed Robert Bearden as president and chief executive officer. He replaces interim CEO Martin Cole who will retire. ...

Cloudera to merge with Hortonworks in deal worth USD 5.2 bln

Published 04 Oct 2018 09:47 CET | World
Big data software and hadoop specialists Cloudera and Hortonworks have decided to merge their operations in an all-stock ...

Cloudera prices follow-on public offering

Published 28 Sep 2017 10:57 CET | World
Cloudera has priced its follow-on public offering at USD 16.45 per share. The company recently closed its IPO of 17.25 million ...

Cloudera prices IPO at USD 15 per share

Published 28 Apr 2017 08:45 CET | World
Cloudera has priced its initial public offering (IPO) of 15 million shares to the public at USD 15.00 per share, and granted a ...