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enterprise Finance

New Relic Gets Its Private Equity Takeover After All

By
Rachel Graf
· · Source: The Information

Business software company New Relic said Monday that it will be bought by private equity firms Francisco Partners and TPG in a $6.5 billion deal, following earlier reports that the parties couldn’t reach an agreement on price. The firms offered to pay $87 per share in cash, representing an 18% premium to New Relic’s closing price of $74.05 per share on Friday. The stock rose 13% to $83.93 in...

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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Exclusive
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
By Jessica E. Lessin and Stephanie Palazzolo
Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations.
From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.
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