Elliott, Vista Equity take Citrix private in US$16.5bil deal

The deal, expected to be completed by mid-2022, will combine Citrix with Vista's data analytics firm TIBCO Software. Vista will own about 65% of the combined company after closing

NEW YORK: Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners, which are seeking to tap the pandemic-driven boom in cloud computing.

The company said its shareholders would get $104 per share, implying an equity value of nearly $13 billion and confirming a Reuters report from Sunday about the joint bid.