Wall Street firms bid $5.3 billion deal to acquire Cloudera

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Enterprise data cloud platform Cloudera which was built on open-source technology, is all set to go private. Private equity firms KKR and Clayton Dubilier and Rice are nearing a deal to buy out Cloudera at a valuation of $5.3 billion. The private equity firms buy out the software firm at $16 a share, or about a 24% premium to its…
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