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Darktrace has agreed a $5.32 billion (£4.25 billion) acquisition by private equity firm Thoma Bravo. The cash acquisition equates to around $7.75 (£6.20) per share, and a 44% premium on the company’s average stock price over the past three months. It listed on the London Stock Exchange at £2.50 per share in 2021.
Darktrace revenues rose 26.5% to £140m in the three months to the end of March, and it now expects sales to increase at least 25.5% for the year to the end of June.
The tycoon’s Invoke Capital investment fund no longer has the share capital needed to appoint a director
Autonomy founder Mike Lynch was a man looking over his shoulder, even when I interviewed him for radio in early 2015.
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