Venture capital firm Runa Capital has made a bid for MariaDB, the database company which endured a disappointing IPO last year and is still in discussions for additional funding.
The database-as-a-service biz, which counts Nokia, Samsung and ServiceNow among its customers, received an "unsolicited non-binding indicative proposal" last week, according to stock market documents released.
The proposal, on behalf of Runa Capital and its other investment affiliates, is to acquire 100 percent of the issued ordinary shares of MariaDB other than those shares already owned by Runa. The offer was made under Irish Takeover Rules, meaning it has not necessarily committed itself to making an offer.
"The Board of MariaDB is reviewing and taking advice regarding the Possible Offer. The Possible Offer may or may not lead to an offer being made for the entire share capital of the Company. There can be no certainty that any offer will be ...
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