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KKR and CD&R Close to $4.7 Billion Deal to Buy Out Cloudera

  • Private equity firms are said to eye $16 a share for the firm
  • Deal marks a premium to Cloudera’s current market value
Updated on

KKR & Co. and Clayton Dubilier & Rice LLC are closing in on a deal to take Cloudera Inc. private at a valuation of about $4.7 billion, a person familiar with the matter said. Cloudera shares rose 19% in trading before markets opened in New York.

The private equity firms could finalize a deal Tuesday to buy out the software firm at $16 a share, or about a 24% premium to its previous close, the person said, asking not to be identified discussing an internal deal. Representatives for Cloudera and KKR didn’t respond to emailed requests for comment after normal business hours. A CD&R representative declined to comment.