The developer of the database management system 'MariaDB' receives an acquisition offer of approximately 5.5 billion yen
Announcement Regarding Possible Offer | Business Wire
https://www.businesswire.com/news/home/20240219857559/en/
K1 Investment Management, LLC (“K1”) Statement regarding Possible Offer for MariaDB plc (“MariaDB”) - K1 Investment Management
Struggling database company MariaDB could be taken private in $37M deal | TechCrunch
Database maker MariaDB receives $37M takeover proposal - SiliconANGLE
https://siliconangle.com/2024/02/19/database-maker-mariadb-receives-37m-takeover-proposal/
MariaDB is a database management system developed by forking MySQL and was launched by Michael Widenius , the author of the original code of MySQL and the founder of MySQL AB . In addition, MariaDB successfully raised $104 million (approximately 15.4 billion yen) in 2022 and was listed on the New York Stock Exchange (NYSE).
Open source database startup 'MariaDB' raises about 12 billion yen and goes public, corporate value exceeds 70 billion yen - GIGAZINE
However, in 2023, MariaDB downsized its database business , withdrew from its geospatial business that analyzes satellite imagery and related file types, laid off one-third of its employees, and replaced its management team. There were a lot of changes going on, and the company's survival was in jeopardy.
It has been revealed that K1 Investment Management has made an offer to acquire MariaDB on February 19, 2024. According to K1 Investment Management, they are proposing to purchase all of MariaDB's shares for 55 cents (approximately 82 yen) per share. As of February 5th, MariaDB's enterprise value is approximately $37 million.
According to MariaDB, this offer from K1 Investment Management is an unsolicited, non-binding proposal and does not necessarily lead to an acquisition. MariaDB also has until March 29, 2024 to submit relevant documents to K1 Investment Management to accept the acquisition offer, or to declare that it will not accept the offer.
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