6 months ago
33
UK company’s offer from Thoma Bravo is 44% higher than average share price over past three months
The 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 currently on trial for fraud and conspiracy in the US, agreed to an offer 44% higher than its average share price over the past three months.
Continue reading...