New Relic to be taken private by Francisco Partners & TPG in $6.5 billion all-cash deal

  • Francisco Partners and TPG consortium offers $87 per share in all-cash deal, valuing New Relic at around $6.5 billion.
  • Deal, expected to close by 2024, marks New Relic’s return to private ownership nine years after NYSE debut.
  • Major shareholders, including founder Lew Cirne and Jana Partners, have approved the agreement.
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