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Citrix acquired and merged with Tibco for $16.5B

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Re: Citrix acquired and merged with Tibco for $16.5B

#31

I just find it fascinating that I can go through my life and see things like this: "[Company I've never heard of] and [Another company I've never heard of], something something, billions and billions of dollars". And these companies and the people who run them probably have a non-trivial impact on my life, if not directly than indirectly. It's just fascinating.

I find it fascinating that you haven't heard of Tibco and Citrix.

Re: Citrix acquired and merged with Tibco for $16.5B

#32

Feels like the beginning of the end for Citrix. I've deployed their various products since 1999, back in the NT4 Terminal Server edition. I have fond memories of running MS Word on UNIX terminals at university by connecting to Citrix running on NT4 on my home PC. Other students would walk past rows of screens in the computer lab all showing drab black and white fixed-width text editors except for one in the middle wi…

It is not going to be good. The combined company had to pay back $16.5B. Just the interest will be $1B per year.

Re: Citrix acquired and merged with Tibco for $16.5B

#33
post #10
post #7

Earlier quoted context omitted.

Can you elaborate on why conditions will be good for M&A?

I’m also interested to hear why. Maybe if you are consolidating unfundable companies by force?

Good companies with decent long term prospects strapped for cash and with heavy debt will be all over the place, being bought for heavy discounts to avoid completely closing down.

Re: Citrix acquired and merged with Tibco for $16.5B

#35

I just find it fascinating that I can go through my life and see things like this: "[Company I've never heard of] and [Another company I've never heard of], something something, billions and billions of dollars". And these companies and the people who run them probably have a non-trivial impact on my life, if not directly than indirectly. It's just fascinating.

Citrix are pretty ubiquitous in the corporate space. Not as big a deal as they were ten or 15 years ago, but still a huge company that powers a lot of businesses.

I've heard of the name, I kind of just assumed they made orange juice. Tibco is that British supermarket? Kinda makes sense.

Oh well, on with my day.

Re: Citrix acquired and merged with Tibco for $16.5B

#36

Earlier quoted context omitted.

PE firms don’t issue debt for leveraged buyouts. The debt is issued by the target company, ie. Citrix. Citrix is responsible for servicing the debt, not the PE firm.

Part of the way M&A activity destroys companies. Not that anyone would miss Citrix except for their open source contributions, even if they are pared down.

Isn't this what ultimately took Toys R' Us down? The company actually had huge revenues, but after paying all it debtors could no longer actually make money.

Re: Citrix acquired and merged with Tibco for $16.5B

#37
post #23

I just find it fascinating that I can go through my life and see things like this: "[Company I've never heard of] and [Another company I've never heard of], something something, billions and billions of dollars". And these companies and the people who run them probably have a non-trivial impact on my life, if not directly than indirectly. It's just fascinating.

I find it fascinating you went through your life so far without knowing about citrix.

As a former Citrix user, I’m a little jealous.

Re: Citrix acquired and merged with Tibco for $16.5B

#38

I just find it fascinating that I can go through my life and see things like this: "[Company I've never heard of] and [Another company I've never heard of], something something, billions and billions of dollars". And these companies and the people who run them probably have a non-trivial impact on my life, if not directly than indirectly. It's just fascinating.

I find it fascinating when I see "[Company I haven't heard of for so long that it might as well have died] acquired for [surprisingly large amount of money]"

Re: Citrix acquired and merged with Tibco for $16.5B

#39

I just find it fascinating that I can go through my life and see things like this: "[Company I've never heard of] and [Another company I've never heard of], something something, billions and billions of dollars". And these companies and the people who run them probably have a non-trivial impact on my life, if not directly than indirectly. It's just fascinating.

be thankful, both of them produce awful, awful software

the citrix garbage I have to use to log into work is like Windows 95, it regularly corrupts its own install (on a machine only used for that)

and of course the uninstaller doesn't clean up everything, so you have to download a separate program to clean that up

and the less said about tibco rendezvous the better

Re: Citrix acquired and merged with Tibco for $16.5B

#40
Anyone who has experience working with Tibco’s service bus? After all their name is short for “the information bus company”. I have seen their product deployed in many banks and exchanges but never heard anything good or bad about it from a developer standpoint.
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