Updated from 4:07 p.m. to include information on Apple and Microsoft.
SAN FRANCISCO (TheStreet) – Tibco Software (TIBX) shares spiked Monday, following its announcement that private equity firm Vista Equity Partners would acquire the company for $4.3 billion.
Vista's acquisition of the business intelligence software company marked the largest tech buyout this year, according to a report in the New York Times. The software company's shares soared 21.2% to close at $23.65.
Must Read: Warren Buffett's Top 10 Dividend Stocks
The sale of Tibco comes at a time when the software maker was facing pressure from an activist shareholder to sell itself amid falling profits. The company's net profit dropped to $1.5 million in the quarter just ended, compared with profits in excess of $8.8 million a year ago.
Tibco's new buyer has a reputation for specializing in acquiring companies that need a turnaround. Whether Vista can deliver that with Tibco has yet to be seen.
GoPro's (GPRO) shares keep on going. The company's stock leaped 10.8% to end the day at $90.94.
The video camera maker unveiled three new cameras Monday, one of which can capture high resolution images of 4K video. This new device is called the Hero4 Black and sells for $499, making it GoPro's most high-end camera to date.
The other cameras include the Hero4 Silver for $399 a pop and The Hero for $130. The new cameras gave GoPro a shot at further juicing its share price along.
GoPro shares have been steadily rising since early August, when it was trading in the high $30s range. More recently, it was spurred along when Google (GOOG) announced it would invest more heavily in its YouTube. The thinking behind that GoPro share price rise was that the video camera would benefit as more amateur photographers used its device on YouTube.