RingCentral Status
The company (NYS: RNG) was in talks to be acquired by undisclosed private equity investors through a $2 billion LBO on August 9, 2017. Strategic industry buyer like Alphabet was also interested in acquiring the company. Subsequently, the deal was cancelled. Previously, Sequoia Capital and Khosla Ventures sold their full stake in the company (NYSE:RNG) for an undisclosed amount on March 31, 2015.
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