Private equity-owned SunGard Data explores US$10b sale or IPO
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
FINANCIAL technology company SunGard Data Systems is preparing to appoint financial advisers to explore a sale that could value it at as much as US$10 billion, including debt, people familiar with the matter said.
SunGard has asked investment banks vying for advisory mandates to prepare for interviews as early as this week, the sources said on Friday. The company plans to simultaneously explore an outright sale as well as a potential initial public offering, the people added.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
