Australian software company ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/wisetech-global” target=”_blank”>WiseTech Global on Monday announced its biggest deal to date, buying out U.S. data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/cloud-computing”>cloud computing firm ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/e2open” target=”_blank”>E2open for $2.1 billion to broaden its product offerings.
The deal, which will be fully funded through a new $3 billion debt facility underwritten by a syndicate of nine lenders including Deutsche Bank and HSBC, marks a significant bet by WiseTech on expanding its global footprint.
WiseTech, known for its flagship ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/cargowise” target=”_blank”>CargoWise platform, is offering $3.30 per E2open share – a 24.5% premium to the U.S. company’s last closing…
