CDR and KKR acquire Cloudera for $5.3 billion
Cloudera is going private following its new acquisition.
American private equity firms, KKR and Clayton Dubilier & Rice LLC purchased data analytics/software development company, Cloudera Inc, for $5.3 billion, paying up to $16 per share.
KKR and CDR claim that the acquisition is going to contribute largely to helping Cloudera accomplish its goal of transitioning to the cloud, which has struggled with doing and has weakened its value against companies like Amazon.
Cloudera has experienced a rough patch which has caused the company to trade beneath its IPO price as well as an 8% decline in the value of its stocks.
In addition to this, Cloudera has also acquired two smaller tech companies called Datacoral and Cazena in order to increase its public cloud offerings.
Financial analysts predict that there is hope for Cloudera to get better but have advised investors to make a very informed decision before going ahead to make an investment.
