Francisco Partners, TPG end talks to acquire New Relic, Reuters reports

Francisco Partners and TPG (TPG) have ended talks to acquire New Relic (NEWR) after they failed to secure enough debt financing to meet the company's valuation expectations, Anirban Sen and Milana Vinn of Reuters report, citing people familiar with the matter. New Relic has been having negotiations with potential acquirers since last year, Reuters has reported, and it's possible that deal talks resume some time in the future, the journalists add. Shares of New Relic are down 3% to $76.10 following the report. Reference Link