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MariaDB is the subject of another potential takeover bid, as the company behind the eponymous open source relational database management system (RDBMS) confirmed it had received a provisional offer from California-based K1 Investment Management. K1 quietly revealed on Friday that it had tabled what is known as an "unsolicited non-binding indicative proposal" for MariaDB, which -- as its name suggests -- is a non-binding exploratory offer that may change depending on how negotiations progress in the coming weeks. This proposal includes buying all MariaDB stock at a price of $0.55 per share, which would amount roughly to $37 million based on the company's February 5 closing valuation, though it has yet to determine what form this offer will take.
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