PernixData Acquired by Nutanix for Only $9.7 Million, According to Forbes
Merely 15.6% of funding received by acquired company
By Jean Jacques Maleval | September 5, 2016 at 3:02 pmTo read this article from Forbes, click on:
Nutanix Purchase Price For PernixData Revealed?
Nutanix has released an update to its S-1 again, and buried in the details is this little tidbit: “On August 5, 2016, the Company entered into a stock purchase agreement to purchase all shares outstanding of a technology company in exchange for 528,517 shares of the Company’s common stock and $1.2 million in cash. The closing of the acquisition is subject to standard closing conditions.”
The S-1 has the unaudited Black-Scholes fair value of the common stock at $14.37 each, which places the acquisition value at $9.7 million. This purchase price would represent merely 15.64% of the funding received.