Nuxtanix considering sale

Cloud computer company Nutanix is considering selling to private equity firms and other major companies in its industry, according to Oct. 14 reporting in the Wall Street Journal.

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Nutanix has received takeover interest amid a downturn in technology and computer stocks in an uncertain economic environment. A potential buyer would have to pay a significant premium of Nutanix’s $5 billion market value, possibly complicating a deal.

Bain Capital backed Nutanix with a $750 million investment in 2020.

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