Deals
Francisco and Elliott Are in Talks to Buy LogMeIn
- Firms in advanced talks, could announce deal in coming weeks
- No final decision has been made and talks could fall through
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Private equity firm Francisco Partners Management has partnered with hedge fund Elliott Management Corp. in a bid to take workplace software provider LogMeIn Inc. private for more than $4 billion, according to people familiar with the matter.
The firms are in advanced discussions to acquire LogMein and could announce a deal in the coming weeks, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could fall through, the people said.