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Nutanix Gains 17% on Report It is Exploring a Sale After Attracting Interest By Investing.com



© Reuters. Nutanix (NTNX) Gains 17% on Report It is Exploring a Sale After Attracting Interest

By Senad Karaahmetovic

Nutanix (NASDAQ:) is exploring a sale after the cloud-computing business attracted takeover interest, the Wall Street Journal reports today.

Shares of Nutanix closed at $21.15 yesterday to value the company at $4.8 billion. The report notes that a buyer would have to pay “a significant premium” to acquire the company. Nutanix is reportedly exploring a sale to private equity and industry players.

Bain Capital holds a stake in the company after paying $750 million in 2020. It also has 2 managing directors on the company’s board. Activist hedge fund Legion Partners Asset Management also has a stake in the cloud business.

Shares of Nutanix are down over 30% since the start of the year and over 50% from the September 2021 top.



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