Darktrace agrees £4.3B sale to US investor in blow to UK stock market

British cybersecurity flag bearer Darktrace is set to leave London’s stock market after agreeing a £4.3bn sale to US private equity firm Thoma Bravo. Shareholders will have to approve the takeover before it’s rubber-stamped. The chair of Darktrace, Gordon Hurst, said the deal represents “an attractive premium and an opportunity for shareholders.” “The proposed acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo, with deep software sector expertise, who can enhance the company’s position as a best-in-class cyber AI business headquartered in the UK,” he added. The deal would end a turbulent spell on the London’s…

This story continues at The Next Web

from LatestTechyTalks