Remote access software provider Citrix is nearing a deal to be acquired for around $13 billion by private equity, according to sources reported by Bloomberg.
The news organisation’s sources said that Elliott Investment Management and Vista Equity Partners are close to agreeing a deal that would value the company at close to $104 per share.
Citrix, based in Fort Lauderdale, Florida, provides software that allows users to log in to devices remotely.
The firm, which employs around 9,000 people worldwide reported over $3 billion of revenue for its 2020 financial year.
2022 has had a strong start in terms of major merger and acquisition news; Microsoft agreed to buy video game company Activision Blizzard for $68.7 billion last week.
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