Published 12 days ago

Cybersecurity firm Darktrace agrees $5.3bn sale to US private equity business

Summary by The Guardian

Offer for ‘cutting edge’ UK firm from Thoma Bravo signals another blow for the London Stock ExchangeBusiness live – latest updatesThe Cambridge-based cybersecurity and artificial intelligence company Darktrace is likely to become the latest British technology champion to be swallowed up by a US suitor, after it agreed a $5.3bn (£4.2bn) sale to US private equity business Thoma Bravo.Darktrace, whose co-founding investor Mike Lynch is now on trial…

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The Guardian

Cybersecurity firm Darktrace agrees $5.3bn sale to US private equity business

12 days ago·London, United Kingdom

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City AM

American private equity firm to snap up Darktrace for £4.3bn

American private equity firm Thoma Bravo has struck a $5.3bn (£4.3bn) deal to buy British cyber security company Darktrace in an all-cash transaction. The boards of directors of both companies have endorsed the deal but shareholders will have to approve it. Shares in the London-listed firm soared over 19 per cent immediately following the news. Under the terms of the acquisition, each shareholder of Darktrace will receive $7.75 (620p) for every …

12 days ago·London, United Kingdom

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