Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- KKR & Co Inc (NYSE:KKR) and Clayton Dubilier & Rice LLC (CD&R) confirmed an agreement to acquire Cloudera Inc (NYSE:CLDR) in an all-cash transaction valued at $5.3 billion.
- Cloudera will become a private company under the arrangement.
- KKR and CD&R will acquire Cloudera at $16 a share, signifying a 24% premium to its May 28 closing price of $12.86.
- Cloudera’s largest shareholder, Carl Icahn, had explored a potential sale since mid-2020 after receiving takeover interest based on Bloomberg reports.
- Cloudera was an early player in the open-source software framework Hadoop, the Wall Street Journal reports. However, it struggled to shift to the now-dominant public cloud, where it faces competition from the likes of Amazon.com Inc’s (NASDAQ:AMZN) Amazon Web Services.
- Price action: CLDR shares traded higher by 23.7% at $15.91 in the premarket session on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!