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KKR, CD&R Strike Deal to Buy Out Cloudera for $5.3 Billion

  • Private equity firms agreed to pay $16 a share in cash
  • Former high-flyer struggled to make headway against Amazon
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Why KKR, CD&R Are Taking Cloudera Private
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KKR & Co. and Clayton Dubilier & Rice LLC struck a deal to take Cloudera Inc. private in an all-cash deal valuing the company at about $5.3 billion, opening a new chapter for a once high-flying enterprise software firm that struggled to sustain growth against larger rivals.

The private equity giants agreed to buy out the software firm at $16 a share, or a 24% premium to its previous close, Cloudera said in a statement on Tuesday. Entities related to Carl Icahn’s Icahn Group, which holds about 18% of the outstanding shares, have agreed to vote in favor of the deal, the company said.