The Wall Street Journal: Vista strikes $1.94 billion deal to take software firm Apptio private

Tech-focused private-equity firm Vista Equity Partners struck a deal to take software company Apptio Inc. private for $1.94 billion, according to people familiar with the matter.

Under the agreement, Apptio APTI, -3.35% shareholders will get $38 a share, representing a 53% premium to Friday’s closing price of $24.85. The Wall Street Journal reported earlier Sunday that a deal was imminent.

The purchase price is below Apptio’s all-time closing high of $41.23, hit about two months ago. Its shares have fallen recently as part of a broader slide in technology stocks. In late October, Apptio reported third-quarter results that included weaker-than-expected billings, further pressuring its shares.

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