$5 billion deal: Thoma Bravo to privatize UK-based cybersecurity firm Darktrace.

Quick Summary:

Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion.

However, this premium drops to just 20 percent when juxtaposed against Darktrace’s closing price yesterday, as the company’s shares had risen 20% to £5.18 in the past month.

However, the enterprise value in this instance is approximately $4.9 billion (£4 billion), which includes additional considerations such as debt and cash positions.

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Article Details

Author / Journalist: Paul Sawers

Category: Technology

Markets: United States

Topics: Enterprise Security Thoma bravo Darktrace

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-26 @ 12:07:30 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20795685

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