Private-equity giants Francisco Partners and TPG are jointly planning a bid of more than US$5 billion to acquire data analytics company New Relic, a person familiar with the matter told Reuters on Wednesday. Reuters was the first to report in July that the US business software company was preparing to expl
Private-equity giants Francisco Partners and TPG are jointly planning a bid of more than US$5 billion to acquire data analytics company New Relic, a person familiar with the matter told Reuters on Wednesday.
New Relic's shares rose on Wednesday after WSJ first reported on the PE firms' interest. The shares closed 10.8 per cent higher at US$83.84 and were flat in extended trading.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Software company New Relic in talks to be sold - WSJPrivate-equity firms Francisco Partners and TPG are working together on a $5 billion-plus bid to acquire software company New Relic, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. New Relic did not immediately respond to a Reuters request for comment.
Read more »
Data analytics firm New Relic in talks to be sold - WSJPrivate-equity firms Francisco Partners and TPG are working together on a more than $5 billion bid to acquire software company New Relic, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. A deal could be reached in the next few weeks, the report said, adding it's possi
Read more »
Biden-McCarthy debt talks to resume after new default warningWASHINGTON: President Joe Biden and Republican leaders are set to reconvene on Tuesday (May 16) for crunch talks on raising United States borrowing limits, with a possible debt default now just weeks away. The Treasury has warned of 'catastrophic' economic consequences if the US runs out of cash to pay its
Read more »
Tesla restarts India market talks with new factory proposal - sourceNEW DELHI :Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter. The proposal comes after India refused to agree to Tesla's request last year to l
Read more »
Kesha samples legendary wizard Oberon Zell on her new albumKesha samples legendary wizard Oberon Zell on her new album Kesha samples 'a wizard [she's] friends with' on her new album. The 36-year-old singer had a spiritual awakening that inspired the lead single, Eat The Acid, and she's revealed that the track Happy features a 'really smart, weird, nice guy'. Kesha is quoted by The Sun newspaper's Bizarre column as...
Read more »
New Zealand hostel fire leaves multiple people deadWELLINGTON - A fire at a multi-storey hostel in Wellington, New Zealand, has left multiple people dead, Fire and Emergency Services New Zealand (FENZ) said in a statement on Tuesday. Read more at straitstimes.com.
Read more »