© Reuters. Nutanix (NTNX) Gains 17% on Report It is Exploring a Sale After Attracting Interest
By Senad Karaahmetovic
Nutanix (NASDAQ:) is exploring a sale after the cloud-computing business attracted takeover interest, the Wall Street Journal reports today.
Shares of Nutanix closed at $21.15 yesterday to value the company at $4.8 billion. The report notes that a buyer would have to pay “a significant premium” to acquire the company. Nutanix is reportedly exploring a sale to private equity and industry players.
Bain Capital holds a stake in the company after paying $750 million in 2020. It also has 2 managing directors on the company’s board. Activist hedge fund Legion Partners Asset Management also has a stake in the cloud business.
Shares of Nutanix are down over 30% since the start of the year and over 50% from the September 2021 top.
Be the first to comment