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    Home»Deals & Transactions»Elliott and Vista nears $13 billion deal to buy Citrix
    Deals & Transactions

    Elliott and Vista nears $13 billion deal to buy Citrix

    January 31, 2022Updated:January 31, 20221 Min Read
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    Elliott Management Corp and Vista Equity Partners are close to buying Citrix Systems Inc in a deal that values the U.S. cloud computing company at about $13 billion, according to a person familiar with the matter.

    The deal, which could be announced as soon as early this week, came after Elliott and Vista jointly tapped the loan market to fund their cash bid for Citrix at $104 per share. Once taking Citrix private, Vista plans to merge it with Tibco, another data analytics software firm it owns.

    The cash bid comes lower than where Citrix stock closed at $105.55 on Friday. Still, the price represents a premium to its lows in December.

    Still, the company reported operating income of $84.5 million in the third quarter, down from $128.3 million a year ago, as higher operational expenses weighed.

    Read more: Yahoo Finance

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