RTTNews | May 31, 2021 10:50PM EDT

22:49 Monday, May 31, 2021 (RTTNews.com) - Private-equity firms KKR & Co and Clayton Dubilier & Rice LLC are nearing a deal to buy Cloudera Inc and take the software company private, the Wall Street Journal reported citing people familiar with the matter.

A deal for the data-cloud company could be finalized by Tuesday. The terms of the deal couldn't be learned, the report said. The company has a market value of about $4 billion.

Founded in 2008 by a group of engineers from Google, Facebook Oracle Corp. and Yahoo Inc., Cloudera was an early player in the open-source software framework Hadoop, which enables large amounts of data to be processed quickly.

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