Market News / Story
Networking startup Eliyan gets takeover interest, held early talks with Arm - report
Seeking Alpha ·
Seeking Alpha reports: Networking startup Eliyan, which was valued at $1 billion in July, has disclosed to some of its investors in the last few days that it received a takeover offer. Eliyan has been working with an advisor since the summer and likely wants a valuation of $3 billion, according to a report from The Information on Thursday, which cited people familiar with the matter. SoftBank-owned ARM , an existing investor in Eliyan, held early discussions about possibly acquiring the…