Deals
Citrix Agrees to Buy Slack Competitor Wrike for $2.25 Billion
Source: Wrike Inc.
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Citrix Systems Inc. has agreed to buy Wrike Inc. for $2.25 billion in cash to add collaboration software to its products serving remote workers.
The deal, expected to close in the first half of the year, will be “modestly dilutive” to Citrix’s earnings in 2021, Citrix said in a statement on Tuesday, confirming an earlier Bloomberg News report.