Cloudera merged with Hortonworks

Cloudera and Hortonworks merged to create world’s leading next generation data platform and deliver industry’s first enterprise data cloud. The combined equity value of the two companies is $5.2bn based on the closing prices of their stocks. Under the terms of the transaction agreement, Cloudera stockholders will own approximately 60% of the equity of the combined company and Hortonworks stockholders will own approximately 40%. Hortonworks stockholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned, which is based on the 10-day average exchange ratio of the two companies' prices through October 1, 2018. The combination of Cloudera and Hortonworks could bring about more than $125m in annualized savings, including optimizations in sales and research and development, according to an investor presentation.