Cloudera Hortonworks Merger: How It May Affect Big Data Industry?
Top Big Data vendors, Cloudera and Hortonworks have announced the merger. Let’s dive deep to get the more details of the Cloudera Hortonworks merger! On October 3, 2018, big data rivals Cloudera and Hortonworks announced their mutual agreement to combine in an all-stock merger. As per the terms of the transaction agreement, Hortonworks stockholders will own around 40% of the combined equity while Cloudera stockholders will have 60%. Moreover, Hortonworks shareholders are about to receive 1.305 shares of Cloudera for 1 share of Hortonworks they possess. The new company will stick to the name Cloudera Inc. (CLDR) and the current Cloudera […]
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