Cloudera Acquires Hortonworks for $5,200,000,000

Company Information

Company
Hortonworks

Website

http://www.hortonworks.com

Location
5470 Great America Pkwy. Santa Clara, CA 95054

Description
Hortonworks drives actionable intelligence through open-source, Apache Hadoop data architectures that maximize the value of all data data-at-motion,data-at-rest, and Modern Data Applications.

Transaction Details

  • Date – 10/4/2018
  • Transaction Type – M&A
  • Transaction Amount – $5,200,000,000
  • Transaction Round
  • M&A Terms – Under the terms of the transaction agreement, Cloudera stockholders will own approximately 60% of the equity of the combined company and Hortonworks stockholders will own approximately 40%. Hortonworks stockholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned, which is based on the 10-day average exchange ratio of the two companies’ prices through October 1, 2018. The companies have a combined fully-diluted equity value of $5.2 billion based on closing prices on October 2, 2018.