Published on 22 Oct 2023 on Reuters · via Yahoo Finance
How two private equity firms negotiated New Relic deal down to $6.5 billion
By Anirban Sen and Milana Vinn
NEW YORK (Reuters) -Buyout firms Francisco Partners and TPG saved hundreds of millions of dollars in their $6.5 billion deal to buy New Relic by walking away from negotiations with the business software company in May and then returning two months later with a lower offer, people familiar with the matter said.