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.
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.