On January 31, 2022, Citrix Systems Inc. announced that it has agreed to be acquired by a pair of private equity firms in a deal valued at $16.5 billion, including $3.3 billion in long-term debt. The Company stated that Vista Equity Partners and Evergreen Coast Capital Cooperation, a subsidiary of Elliott Investment Management, have agreed to pay $104 in cash per share for the Company. That's less than the Company's closing price on January 28, 2022 of $105.55.

The Company added the deal is expected to close in mid-2022.