Cadence faces private equity buyout, report

GIANT chip software firm Cadence is in talks with large private equity firms, the New York Times said.

The paper said Cadence has talked to both the Blackstone Group and Kohlberg Kravis Roberts.

It would be an expensive buy because Cadence has a market value of $6.4 billion. But behind the scenes and not so behind the scenes, PE firms have already considerable stakes in tech firms.

Last year the Blackstone Group bought Freescale. µ

L'INQ
New York Times