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