October 16 - 15:10
UK Cybersecurity firm Sophos goes private in biggest takeover of the year
UK cybersecurity firm Sophos has been taken private by private equity firm Thoma Bravo, in a deal worth $3.8 billion. The sale becomes the year's largest takeover in the UK. Sophos' CEO, Kris Hagerman said that Thoma Bravo's "experience with software and cyber security" makes for a “compelling fit”. Hagerman said the company is likely to continue with a similar strategy under their new ownership.
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