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Poor financial health has taken a heavy toll on MariaDB PLC and shaken its customer base. An acquisition might not be enough to reverse the damage, experts said. ....
Poor financial health has taken a heavy toll on MariaDB PLC and shaken its customer base. An acquisition might not be enough to reverse the damage, experts said. ....
MariaDB is the subject of another potential takeover bid, as the company behind the eponymous open source relational database management system (RDBMS) confirmed it had received a provisional offer from California-based K1 Investment Management. K1 quietly revealed on Friday that it had tabled what is known as an "unsolicited non-binding indicative proposal" for MariaDB, which as its name suggests is a non-binding exploratory offer that may change depending on how negotiations progress in the coming weeks. This proposal includes buying all MariaDB stock at a price of $0.55 per share, which would amount roughly to $37 million based on the company's February 5 closing valuation, though it has yet to determine what form this offer will take. ....