Private equity firms Elliott Investment Management and Vista Equity Partners are close to acquiring software-maker Citrix Systems Inc. for around $13 billion, people familiar with the matter said.
The PE firms are close to a deal to buy Citrix for about $104 per share, according to the people, who asked not to be identified because the information is private, a report by Bloomberg said. Citrix builds secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done.
No final decision has been made and the timing and price of a deal could still change, the people familiar with the development said. Representatives for Elliott, Vista and Citrix weren’t immediately available for comment outside regular business hours, according to Bloomberg.
[yop_poll id=”3″]
If the Citrix deal goes through, it would be one of the biggest-ever software deals in the industry. The value of transactions in the sector hit a record $674 billion in 2021, almost double the previous annual high, data compiled by Bloomberg show. Values are up 144 per cent this year, driven by Microsoft’s huge $69 billion takeover of video game publisher Activision Blizzard Inc., the data show.
