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Report: Francisco and Elliott in advanced talks to acquire LogMeIn for $4B

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Report: Francisco and Elliott in advanced talks to acquire LogMeIn for $4B

Private equity firm Francisco Partners Management LP and New York-based hedge fund Elliott Management Corp. are in late-stage discussions to jointly acquire Boston-based workplace software company LogMeIn Inc. for over $4 billion, Bloomberg News reported, citing people familiar with the matter.

A deal may be reportedly announced in the coming weeks, although no final decision has been made and talks could fall through.

Representatives for LogMeIn and Elliott declined to comment, while a representative for Francisco Partners did not respond to a request for comment from Bloomberg.