Apollo Begins Countdown To Tech Data Acquisition
Private equity firm Apollo Global Management has inked an agreement to acquire distributor Tech Data Corp. But the buyout terms leave the door open for other suitors.
Tech Data, based in Clearwater, Fla., ranks among the top IT distributors, offering resellers a range of hardware, software, networking gear and consumer electronics products. The company has also moved into cloud distribution in recent years, providing its StreamOne Cloud Marketplace.
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