Darktrace agrees £4.3B sale to US investor in blow to UK stock market
by The Next Web
The Next Web— 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...
CNBC—UK tech darling Darktrace rallies 17% after agreeing $5.32 billion private equity sale to Thoma Bravo. The move will be seen as a major blow to the London Stock Exchange.
The Guardian—Stock markets fall after sharp US growth slowdown. Commerce department says gross domestic product growth decelerated to 1.6% at start of year as consumers slowed spendingAmerica’s leading stock indices came under pressure on Thursday after official data revealed that US economic growth slowed sharply to its weakest rate in almost two years.But as high interest rates take their toll on the world’s largest economy, inflation continues to loom large. Continue reading
The Telegraph—UK stock market shrinking at fastest pace in history, says Goldman Sachs. The UK stock market is shrinking at its fastest pace in history amid a wave of foreign takeovers which have propelled the FTSE 100 to its strongest week in eight months.]]>