Elliott Management, the hedge fund founded by billionaire Harvard Law School graduate Paul Singer, has mounted a $3.1 billion takeover bid for computer networking company Riverbed Technology.
San Francisco–based Riverbed confirmed receipt of the unsolicited proposal and said publicly that it would review the offer. If accepted, the deal would make Riverbed the latest technology company to go private in recent months, following the recent completion of computer maker Dell’s nearly $25 billion sale to Silver Lake Partners, BMC Software’s nearly $7 billion sale to Bain Capital and Golden Gate Capital and Websense’s $1 billion buyout by Vista Equity Partners.
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