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