Friday, 24 March, 2023

KKR, CD&R to acquire Cloudera for $4.7bn

<p>Cloud-based analytics company Cloudera Inc private will be acquired by equity firms KKR and CD&amp;R for $4.7 bn. As the demand for cloud-based services has grown, tech giants like Google, Amazon are looking to provide services like Cloudera. The largest investor of Cloudera is activist investor Carl Icahn who holds about 17.8% of Cloudera&#39;s total shares. The deal is to be completed in the latter half of the year with a 30-days &ldquo;go-shop period&rdquo;.</p>