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US: Software investor Vista lands $1.05B buyout

By  |  September 30, 2013

Private equity firm Vista Equity Partners announced it reached an agreement to acquire management solutions company ACTIVE Network in a $1.05 billion deal.

Reports say the private equity firm, which focuses its investments in data and technology businesses, will acquire cloud-based Activity and Participant Management solutions firm in an all-cash transaction.

The agreement includes a tender offer to acquire all outstanding ACTIVE common shares following a unanimous vote of approval by ACTIVE’s board of directors.

Full Content: Daily Finance

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