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Fly News Breaks for September 5, 2019
GOOGL, GOOG, NTNX
Sep 5, 2019 | 08:30 EDT
Trefis analysts stated in a note to investors that they believe Google (GOOGL) should explore strategic acquisitions to cement its position as the third-largest player in the cloud segment and they view Nutanix (NTNX) as a strong acquisition candidate for the Alphabet company. While Google released its own "Anthos" hybrid cloud platform in April, it still needs an established player in the data center market to reach out to the private clouds and Trefis thinks Nutanix, which they called the "leader in hyper converged infrastructure," could fit in well with Google's hybrid cloud strategy. In considering the intrinsic value of Nutanix and the synergy potential, Trefis' analysts said they think an acquisition price for Google could come to $9.3B, or "almost double" the current market cap of Nutanix.