SolarWinds Shares Jump on $4.4B Acquisition by Turn/River Capital

Dow Jones

07 Feb

By Adriano Marchese

Shares of SolarWinds jumped on Friday after it said it agreed to sell itself for $4.4 billion to San Francisco-based technology investment fund Turn/River Capital.

Shares traded 22% higher at $18.34.

The software development business entered into a definitive agreement to be acquired in an all-cash deal for $18.50 a share, a price that the company said represents a premium of about 35% to the volume-weighted average closing price of its stock over the past 90 trading days to Feb. 6.

SolarWinds is a software company that supports a range of businesses to manage and optimize their systems, networks, and IT infrastructure.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 07, 2025 09:33 ET (14:33 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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