Cloudera and Hortonworks are merging operations in a $5.2 billion deal. The merger combines Cloudera's focus on data warehousing and machine learning with Hortonworks efforts in data management. While described as a "merger of equals," Cloudera shareholders will control 60 percent of the combined entity. Hortonworks shareholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned. Cloudera's stock surged more than 24 percent in after-hours trading to $21.25 per share.
Oct-4-2018, 00:43:12 GMT