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Cloudera and Hortonworks Are a Match Made Underwater

Submitted by on October 5, 2018 – 9:38 amNo Comment

Sometimes the universe offers up a gift of symbolism. One corporate merger this week reveals the hangover of the mini-bubble that quietly burst in Silicon Valley.

On Wednesday, two young software companies, Hortonworks Inc. and Cloudera Inc., said they planned to combine. Hortonworks shareholders will trade in their stock for Cloudera’s at an effective value of $22.82 for each Hortonworks share, based on the moving average share price over the 10 prior trading days. Remember that number.

To read the entire article, please click https://www.bloomberg.com/view/articles/2018-10-04/cloudera-cldr-and-hortonworks-hdp-are-a-match-made-underwater