PE Firm Francisco Partners to Take Sumo Logic Private in $1.7B Deal
Cloud monitoring, log management and SIEM solutions provider Sumo Logic is set to become a private company after it has entered into a definitive agreement to be acquired by affiliates of private equity firm Francisco Partners for $1.7 billion. Francisco Partners is prepared to pay $12.05 per share in cash. The law firm Kahn Swick & Foti has announced that it’s investigating the deal to determine if the price is adequate. Sumo Logic offers cloud-native…
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