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     Andhrajamesbond Kurra Bewarse Username: Andhrajamesbond Post Number: 1136 Registered: 03-2004 Posted From: 68.93.142.53 Rating: N/A |
Well, market is always dynamic and we never know. Intel bought 17% stake in CLDR by paying double the IPO price- Intel paid higher price for Cloudera stake for strategic reasons, WSJ reports Intel (INTC) agreed to make a $742M investment in software startup Cloudera (CLDR) for a 17% stake in March 2014, double the share price other investors paid, in part because "it would help guard against an acquisition of the startup by another company," the Wall Street Journal reports, citing people familiar with Intel's thinking. The report follows Cloudera's initial public offering which resulted in the worth of Intel's investment decreasing to about $434M. "The resulting $4.1B valuation-compared with $1.8B earlier that month when venture investors bought in-was bound to scare away prospective buyers," according to WSJ. Cloudera CEO Tom Reilly said in an interview after the company's IPO that the higher price Intel paid reflected the companies' deep partnership. Reference Link Read more at: https://thefly.com/landingPageNews.php?id=2543082 |