Elliott, Vista Equity take Citrix private in $16.5 billion deal

The Citrix logo. Courtesy Citrix Systems

(Reuters) -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.