Qualtrics receives $12.4B offer to go private

PROVO — Qualtrics' stock jumped 2% Monday after the Utah-born customer survey software company announced that it has received a $12.4 billion go-private offer from private equity firm Silver Lake Management and Canada Pension Plan Investment Board.

Silver Lake — which currently owns 4.2% of Qualtrics — first expressed interest in the company in early February, when it said it was considering a takeover of the SAP-backed company.or 2.5% of its global workforce and explore the sale of its remaining 71% stake in Qualtrics, according to Reuters.a German multinational software corporation, just days before a public stock offering was set to launch.

However, this criticism didn't hold up as two years later, SAP offered shares of Qualtrics in an IPO that raised $1.5 billion in fresh capital on a valuation north of $15 billion. This acquisition helped pave the way for Qualtrics to grow its national and international reach under SAP and it did so by opening an additional headquarters in Seattle.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What are Utah lawmakers doing to address Utah's housing market crisis?Before the Utah Legislature's 2023 general session began, Republican leaders promised action this year to address the affordable housing crisis, fueled by the state's persistent housing shortage and exacerbated to extraordinary levels by the pandemic housing frenzy. High density housing in Utah is $250-$275/sq.ft. None of the proposed legislation would make housing affordable. The 🐄 left the barn a while ago when huge corporations were allowed to borrow money at 0 interest and buy residential properties. Now they control rent with no [1] They’ll just keep allowing developers to whore out Park City and Southern Utah. Maybe try Colorado or Idaho
Source: KSLcom - 🏆 549. / 51 Read more »

Qualtrics stock up after company receives $18.15 per share buyout offer from Silver Lake and CPPIBQualtrics International Inc. stock jumped 2% Monday, after the cloud software company said it has received a buyout offer from private equity firm Silver...
Source: MarketWatch - 🏆 3. / 97 Read more »