In this photo illustration a DarkTrace logo is displayed on a smartphone with stock market percentages in the background.
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LONDON — British cybersecurity firm Darktrace on Friday announced it had agreed a sale to U.S. private equity giant Thoma Bravo, for an all-cash offer of $5.315 million.
Darktrace shares were 17.% higher at 10:26 a.m. London time.
The move will be seen as a major blow to the London Stock Exchange. In 2021, Darktrace listed, where it was seen as a welcome tech-focused addition for a market often characterized as stacked with “old economy” players, such as miners and oil and gas companies.
Darktrace investors are set to receive $7.75 in cash for each share held, under the terms recommended by the board.
This is a breaking news story and will be updated shortly.
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