Citrix Seeks 100% Sale

Reuters reports that Citrix Systems is embarking on a last-ditch attempt to sell itself as a whole entity. The company will otherwise have to begin asset sales, said sources.

Citrix had attracted the attention of private equity investors in July, before it gave a board seat to activist hedge fund Elliott Management. However, it is now back in touch with several parties, including other technology firms, including Dell.

In July, Citrix announced that it would seek alternatives (i.e. a sell-off) of its ‘GoTo’ products. However, the sales process has not started because the company wants to see if it can sell itself as a whole. If this is unsuccessful, Citrix will need to sell its GoTo line, as well as other assets in the future, said sources.