(Adds deal details from Bloomberg report and background)
May 31 (Reuters) - Private-equity firms KKR & Co and Clayton Dubilier & Rice LLC (CD&R) are nearing a deal to take Cloudera Inc private at a valuation of $4.7 billion, Bloomberg News reported bloom.bg/3vDLa5Z on Monday, citing a person familiar with the matter.
The private-equity giants are likely to finalise a deal on Tuesday to acquire the software firm at $16 a share, or about a 24% premium to its previous close, according to the report.
Cloudera - which has activist investor Carl Icahn as its largest shareholder - has explored a sale since mid-2020 after receiving takeover interest, the report said.
The Wall Street Journal had earlier reported on.wsj.com/3uFoaSC about the deal talks.
KKR and Cloudera did not immediately respond to Reuters’ requests for comment. (Reporting by Nandakumar D in Bengaluru; Editing by Uttaresh.V and Sherry Jacob-Phillips)