UK’s Darktrace plunges after U.S suitor Thoma Bravo walks away

Published by
Reuters UK

By Paul Sandle LONDON (Reuters) -U.S. technology investment firm Thoma Bravo said on Thursday it would not make an offer for Darktrace after it failed to agree the terms of a deal for the British cybersecurity company. Shares in Darktrace, which listed in April 2021, plunged 30% to 359 pence after the announcement. Darktrace said last month it had received several preliminary and conditional proposals from Thoma Bravo, sending its stock to 560 pence in the following days and giving it a market value of just over 4 billion pounds. “Early stage discussions took place with Thoma Bravo about a pos…

Read More

See also  Lincoln debuts electric, autonomous Model L100 Concept car

Leave a Reply