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WHTop → 📋 News → Cloudera, Hortonworks Announce All-Stock Merger For End-to-End Data Platform
Cloudera, Hortonworks Announce All-Stock Merger For End-to-End [...]
Cloudera, Hortonworks Announce All-Stock Merger For End-to-End Data Platform
📅 - Cloudera (cloudera.com) and Hortonworks (hortonworks.com) have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals. The transaction will create one of the world's leading data platform providers – spanning multi-cloud, on-premises and the edge.
Under the terms of the transaction agreement, Cloudera stockholders will own approximately 60% of the equity of the combined company and Hortonworks stockholders will own approximately 40%. The hybrid cloud data management companies have a combined equity value of approximately $5.2 billion. The companies expect to complete the transaction during the first quarter of calendar year 2019.
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📅 - Cloudera (cloudera.com) and Hortonworks (hortonworks.com) have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals. The transaction will create one of the world's leading data platform providers – spanning multi-cloud, on-premises and the edge.
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