New Relic to go private in US$6.5 billion deal

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All-cash deal made by TPG and Francisco Partners.

New Relic to go private in US$6.5 billion deal
New Relic said it has agreed to be taken private by TPG and Francisco Partners in a US$6.5 billion ($9.7 billion) all-cash deal amid stiff competition in the application performance monitoring space from rival software companies Datadog and Dynatrace. New Relic's shares rose about 13 ...

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