Citrix, the $13 billion cloud computing tech company, is operative with Goldman Sachs to negotiate a probable sale, reports Bloomberg, citing unknown sources.
This isn’t the first time that Citrix has shopped itself around: in late 2015, and under vigour from romantic shareholder Elliott Management, Citrix was pronounced to have unsuccessfully tried to find a buyer.
This time out, reports Bloomberg, Citrix is also open to making a understanding with private equity firms — but since the company has such a high valuation, it’s doubtful that any one organisation would have the cash on palm to make a deal, complicating the whole affair.
At the time, it was reported that Citrix was looking for a good cost for the whole business, rather than selling off particular products or business units. It’s not transparent either the company is now seeking to sell the whole business or specific assets.
Still, in February, Citrix spun off GoTo, the business obliged for obvious program including GoToMeeting, and joined it with Boston-based remote desktop company LogMeIn.
Citrix was finished Monday’s unchanging trade session at $84.93, up 6.79% and attack a 52-week high of $87.99 over the march of the event before giving back some of the gains.
Citrix did not immediately respond to a ask for comment.
Get the latest Goldman Sachs batch price here.