Marketo gets scooped up by private equity firm for $1.79B

Marketing-software maker Marketo has agreed to be acquired by private equity firm Vista Equity Partners for $1.79 billion, the company announced Tuesday.

Marketo shareholders will receive $35.25 in cash per share — a sum the company says represents a 64 percent premium over its closing price earlier this month, before reports emerged that it was exploring strategic alternatives.

The deal is expected to close in the third quarter of 2016. Marketo’s headquarters will remain in San Mateo, California, the company said.

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from Computerworld News http://www.computerworld.com/article/3077328/enterprise-applications/marketo-gets-scooped-up-by-private-equity-firm-for-179b.html#tk.rss_news

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