JohnCM
5 years ago
Cloudera Stock Is Jumping Because the Company Could Be Mulling a Sale
By Eric J. Savitz
June 9, 2020 2:45 pm ET
Cloudera stock spiked 15% Tuesday after Bloomberg reported that the cloud-based data analytics company is working with a financial advisor to consider a potential sale of the company.
The Bloomberg story says Cloudera (ticker: CDLR) has held talks with potential buyers, including private-equity firms, but that no decision has been made.