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[65] [66] [67] As part of the merger, in September 2022, Citrix announced a $4.55 billion-equivalent cross-border term loan to back its $16.5 billion buyout by Vista Equity and Evergreen Coast Capital. Following the merger, the Citrix Hypervisor product-line was spun-off into a standalone business unit under CSG and rebranded as XenServer.
Citrix creates and sells virtualization, cloud computing, networking and SaaS products that aim to provide remote connectivity to workers on a variety of devices. [ 2 ] [ 3 ] The company's first acquisition was DataPac in 1997, which Citrix purchased in order to utilize DataPac's technology and its position in the Asia-Pacific region. [ 4 ]
The all-cash acquisition will see Citrix merge with TIBCO, a Vista portfolio company. [29] In August 2022, Vista agreed to acquire tax automation software platform maker Avalara, Inc. for $8.4 billion including debt. [30] As of August 2023, Vista Equity Partners had over $100 billion in assets under management. [31]
Citrix Systems has revised price talk for its $4 billion offering of 6.5-year (non-call three) senior secured notes to 10%, or an OID of 83.561, versus previous talk at 9.50%–9.75% (OID: 85.695 ...
JPMorgan Chase & Co (NYSE: JPM) said it did not provide loan backing to takeovers such as Twitter Inc, Citrix Systems Inc, and Nielsen Holdings PLC, which fell in value as markets turned volatile.
Alnylam (ALNY): pioneering a new class of therapeutics based on RNA interference and a better fit for collaboration partner Novartis (NYSE:NVS) BioMarin (NASDAQ:BMRN): a rare disease gene therapy ...
On November 7, 2022, NortonLifeLock rebranded to Gen Digital after completed its merger with Avast in last September. [8] Acquisitions. Date Company Business
CIA sends ‘buyout’ offers to entire workforce. Katie Bo Lillis and Kaitlan Collins, CNN. February 6, 2025 at 9:18 AM.