{"id":2336,"date":"2012-06-26T12:00:00","date_gmt":"2012-06-26T12:00:00","guid":{"rendered":"http:\/\/cloudcomputing.sys-con.com\/node\/2302481"},"modified":"2012-06-26T12:00:00","modified_gmt":"2012-06-26T12:00:00","slug":"quests-mystery-bidder-plops-down-2-32-billion-2","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/quests-mystery-bidder-plops-down-2-32-billion-2\/","title":{"rendered":"Quest\u2019s Mystery Bidder Plops Down $2.32 Billion"},"content":{"rendered":"<p>The money in play for Quest Software jumped from $2.17 billion to $2.32 billion Monday morning.<br \/>\nThe mystery bidder, believed to be Dell, that looked trumped a few days ago is back in the game after topping the $25.75-a-share offer made by Insight Venture Partners and Vector Capital, two private equity outfits, with a bid of $27.50 a share cash, a sharp increase.<br \/>\nThe sum approaches the $28 a share or $2.36 billion JPMorgan claimed the company was worth weeks ago. Insight on its own started with $23 a share in March and had to call in reinforcements last week to go to $25.75.<br \/>\nThe unnamed strategic bidder is going to have to pay a $25 million termination fee to make the Insight-Vector alliance go away. Insight-Vector could also re-up but they\u2019re already working on borrowed capital. There\u2019s no financing in the mystery bid. The Insight-Vector combine has three business days to decide whether to match or improve on the \u201cDell\u201d bid. Wall Street seems to think the deal could get a mite sweeter. Quest\u2019s stock opened at $27.74 then lost a little ground.<\/p>\n<p><a href=\"http:\/\/cloudcomputing.sys-con.com\/node\/2302481\" >read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The money in play for Quest Software jumped from $2.17 billion to $2.32 billion Monday morning.<br \/>\nThe mystery bidder, believed to be Dell, that looked trumped a few days ago is back in the game after topping the $25.75-a-share offer made by Insight Vent&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2336","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/2336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=2336"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/2336\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=2336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=2336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=2336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}