EQT explores a $6 billion sale of Linux pioneer SUSE—Reuters reports

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Investing.com — According to Reuters on Monday, private equity firm EQT AB (ST:EQT) is exploring the possibility of selling SUSE, which could value the open-source software company at $6 billion.

Reuters, citing two sources familiar with the matter, reported that EQT has hired investment bank Arma Partners to find potential private equity buyers for the company. The discussions are still in the early stages, and it is uncertain whether a deal will ultimately be reached.

Headquartered in Sweden, EQT took SUSE private in 2023, valuing it at €2.72 billion ($2.96 billion). If sold for around $6 billion, this would mean the company’s valuation has doubled in about two and a half years.

This potential deal comes amid a broad sell-off in software stocks, with market concerns intensifying over the disruptive impact of artificial intelligence on the industry.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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