Marketo Acquired By Vista Equity For $1.79 Billion
San Mateo-based Marketo, which develops cloud-based, marketing software, has agreed to be acquired by private equity investor Vista Equity Partners, in a deal worth $1.79 billion in cash. Marketo--which went public only three years ago--said that Vista Equity will pay $35.25 per share in cash for the company, which it says is a 65 percent premium compared with its closing price on May 9th, 2016. Marketo said the buyout is "in the best interest of Marketo and its shareholders".
posted on Tuesday, May 31, 2016
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