Francisco Partners And TPG End Negotiations To Acquire New Relic Inc
Portfolio Pulse from Bill Haddad
Private equity firms Francisco Partners and TPG have ended negotiations to acquire New Relic Inc (NEWR), a software analytics company.
May 26, 2023 | 5:05 pm
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New Relic Inc's (NEWR) acquisition talks with Francisco Partners and TPG have ended without a deal.
The termination of acquisition talks between New Relic Inc and the private equity firms Francisco Partners and TPG is likely to have a negative short-term impact on NEWR's stock price. Investors who were anticipating a potential acquisition may be disappointed, leading to selling pressure on the stock.
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