Mergers & Antitrust Law News

Cloudera Said to Explore Sale After Receiving Interest (2)

June 9, 2020, 8:53 PM

Enterprise software firm Cloudera Inc., which counts activist investor Carl Icahn as its largest shareholder, is exploring a potential sale after receiving takeover interest, according to people familiar with the matter.

The company is working with a financial adviser to evaluate its options, the people said, asking not to be identified because the matter is private.

If Cloudera is sold, it would be the latest chapter for the once high-growth company that has long struggled to make money on products related to open-source software, which is usually free to use.

Major technology companies including Amazon.com Inc., Alphabet Inc....

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