December 24, 2018 / 1:11 PM / 24 days ago

Vista Equity Partners to buy Mindbody in a $1.9 bln deal

Dec 24 (Reuters) - Mindbody Inc, a maker of software to help run fitness and yoga studios, said on Monday it would be bought by investment firm Vista Equity Partners in a deal valued at about $1.9 billion.

Mindbody shareholders will receive $36.50 per share in cash, representing a premium of about 68 percent to the company’s closing price as of Friday. (Reporting by Akanksha Rana in Bengaluru Editing by Saumyadeb Chakrabarty)

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