New Relic, a major Portland tech employer, sells to private equity for $6.5B

Software company New Relic said Monday it plans to take the business private by selling to two private equity firms for $6.5 billion, or $87 a share. That’s a 17% premium over the stock’s closing price Friday. New Relic develops software to help business clients manage their websites and gauge the…#newrelic #franciscopartners #tpg

Source: Reuters: Health - July 31, 2023 Category: Consumer Health News Source Type: news