For a Price of $3.8 Billion, Pluralsight is Private. Again.
First disclosed in December 2020, Pluralsight announced on Tuesday, April 6 it had been formally acquired by Vista Equity Partners for $22.50 per share.
This placed the valuation of Draper, Utah-based Pluralsight at $3.8 billion.
As a result of the acquisition, Pluralsight shares stopped trading and are no longer available for sale/purchase via any public stock market.
NOTE: To my knowledge, this is the largest acquisition of a publicly traded company in Utah (with the intent to take that company private).
Presuming that the history of such public company acquisitions by private equity/investor firms holds true to course, I suspect that we might see Pluralsight remain within the Vista portfolio for five to seven years before it is sold or taken public.
NOTE: A version of this article was originally published by Deseret Business Watch. Editorial changes have been made with this version for clarity and to better match the current Silicon Slopes writing style.