Pluralsight To Be Acquired By Vista For $20.26 Per Share In Cash Or $3.5B

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Pluralsight (PS) announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners. Under the terms of the agreement, Vista, in partnership with its institutional co-investors including Partners Group, will acquire all outstanding shares of Pluralsight common stock for $20.26 per share in an all-cash transaction valued at approximately $3.5B.

The purchase price represents a premium of approximately 25% to the company's volume-weighted average closing stock price for the 30 trading days prior to today's announcement. The deal has been unanimously approved and recommended by an independent Transaction Committee and then unanimously approved by the Pluralsight board. Pluralsight has also entered into a voting agreement with certain of its shareholders, under which such shareholders have agreed to vote all of their Pluralsight shares in favor of the transaction. The Pluralsight shares subject to the voting agreement represent a majority of the current outstanding voting power of Pluralsight shares.

"In response to receipt of unsolicited acquisition interest, Pluralsight engaged in a robust process, including evaluating transaction alternatives against Pluralsight's standalone plan and other strategic alternatives," the company said. The transaction is expected to close in the first half of 2021.


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