From ComputerWorld: Data-integration giant Informatica has made itself a private company in a $5.3 billion deal that includes investments from Microsoft and Salesforce.com.
The deal, said to be the biggest leveraged buyout this year, means Informatica's stock ceased trading on the Nasdaq on Thursday. In exchange, Informatica stockholders are getting $48.75 per share in cash.
It's part of a trend in which companies have been taking themselves private to make themselves more competitive. Dell, Tibco Software, Riverbed and Compuware have all made similar moves.
Going private can allow a company to rebuild itself away from the watchful eyes of public investors, who are often myopically focused on quarterly profits.
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