Francisco Partners is nearing a deal to buy Sumo Logic, an analytics software company, for $1.7 billion, The Wall Street Journal reported Wednesday. The takeover would value Sumo Logic by about $12 to $13 per share, the report said. The Information earlier reported that private equity firms including Francisco Partners had approached Sumo Logic about a possible buyout. Sumo Logic has...
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Another Major Venture Firm to Separate China Investment Partners Following U.S. Pressure
GGV Capital, a prominent venture capital firm managing $9.2 billion in assets, plans to separate its China and U.S. teams following scrutiny from lawmakers in Washington about the national security implications of the firm’s investments in Chinese artificial intelligence and semiconductor firms, according to a notice the firm sent to its investors on Thursday. The move comes a few months...
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