New Relic said on Monday that private equity firms TPG and Francisco Partners will take the software company private in a $6.5 billion all-cash deal.The company's cloud-based software allows websites and mobile apps to track user interactions and monitor servers and databases.The private equity fir
New Relic said on Monday that private equity firms TPG and Francisco Partners will take the software company private in a $6.5 billion all-cash deal.
The company's cloud-based software allows websites and mobile apps to track user interactions and monitor servers and databases. The private equity firms offered New Relic shareholders $87 per share, representing a premium of 17.5 per cent to the stock's closing price on Friday.
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